Corporate Updates

Neon Healthcare ties with US based Hayes Lab

Neon Healthcare and Research Institute Ltd of India has signed an agreement with US-based pathological lab Hayes Lab for outsourcing in the healthcare space. “The joint venture with Hayes would work on different projects like teleradiology between US and India,” NHIL chairman and managing director Sajal Dutta said here today. “Hospitals in the US would send images through satellite to our facility in Kolkata and reporting would be done by specialists here,” Dutta said.The global outsourcing of lab activity was estimated to be INR 60,000 crore while India’s share was only Rs 200 crore. “The potential is huge and we want to tap it,” he said. Neon Healthcare and Hayes Lab would also scout for buyout of pathological labs in Europe and US for faster growth, the company said. Dutta said the JV company has also put a proposal to the West Bengal government to set up 54 labs in districts, divisional and sub-divisonal hospitals across the state. “We have made a presentation with the state health minister for setting up labs in government hospitals in PPP model. We will require about USD 100 for setting up 54 advanced labs,” Dutta said. Asked about funding, Dutta said beside investment from the JV company, funds would be tapped from foreign institutional investors who were keen to invest. Meanwhile, Dutta said he was also setting up a speciality hospital here that would have 750 beds by December 2009.

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