Gujarat govt to invest INR 300 cr for healthcare
All the primary hospitals and community health centres in Gujarat are set to undergo a sea change, with the state government taking initiatives to ensure quality healthcare services.
Say something
All the primary hospitals and community health centres in Gujarat are set to undergo a sea change, with the state government taking initiatives to ensure quality healthcare services.
Fortis Healthcare, which operates a chain of hospitals across India, is seeking to buy a minority stake in Manipal Hospitals and Wockhardt.
Hospital chain Fortis is looking to expand its presence by setting up a hospital in Hyderabad and would take the inorganic route for growth there.
Hiranandani Constructions, promoted by billionaire Niranjan Hiranandani, is planning to set up a chain of hospitals in the country. The total investment in these projects could be around INR 500 crore.
International Hospital Limited (IHL), a wholly owned subsidiary of Fortis Healthcare Limited, along with Oscar Investments Limited (OIL) has completed the acquisition of 62.17 per cent of the equity share capital of Malar Hospitals Limited (MHL), Chennai, for a consideration of INR 34.68 crore.
It is being claimed that lack of clear modalities on the public-private partnership (PPP) model is delaying the much-hyped entry of the private healthcare sector as a big-time service provider in government hospitals across the country.
Private equity firms have reportedly shown interest picking up stake in Bengal Faith Health Care, the Special Purpose Vehicle (SPV) formed to set up the Bardhaman Health City, a INR 1,000 crore PPP (public-private partnership project) to come up on a 60-acre plot near Durgapur Expressway(NH-42).
Fortis, one of India
The Fortis group recently announced their decision to buy 48% stake in Chennai-based Malar Hospital for around Rs 42 crore. This move will mark the group’s first entry in South India
[This article was published in the August 2007 issue of the eHEALTH Magazine (https://www.ehealthonline.org)]
The Fortis Flt. Lt. Rajan Dhall Hospital is located at Vasant Kunj, New Delhi.