Hospital News 383

Deepam Group firms up Rs 60 cr hospital in Chennai

Chennai based Deepam Hospitals group (DHG) is setting up a 200-bed high-end tertiary care hospital. The Hospital has tied up a Rs 30 crore funding with State Bank of India for the multi-speciality hospital project estimated to cost Rs 60 crore.

DHG has also signed up with the Niche Centre for Regenerative Medicine (NCRM), Japan, which treats over 60,000 cancer patients annually. The hospital is aiming to improve its research ability for providing cancer rehabilitation, chord blood bank and neuro treatments. The group is working on a collaboration with KMH Group of Japan too. As of now, 170 doctors and 30 consultants have evinced interest in investing in DHG, which has earmarked 30% stake for them. It has plans to add 10-15 such referral centres this year. Each centre, typically 30-beds, would entail an investment of Rs one crore, he said adding it is to support the tertiary centre.

With a target to reach 600 beds by end-2010, Deepam’s upcoming greenfield project, 8 km away from the airport, would make it the single largest corporate hospital to dot the city’s healthcare landscape after Apollo Hospitals.

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