ICICI Venture plans to float healthcare holding firm
ICICI Venture is planning to float a company that will buy medium-sized hospitals and pharmacy chains and act as a holding company for the fund’s investments in the booming healthcare sector. Temporarily called I-Ven Medicare, the company will be the lead vehicle for all ICICI Venture’s investments and buyouts in the healthcare space.
ICICI Venture is in talks with four hospitals in different parts of the country for a complete buyout. They are also examining proposals from other small and medium-sized hospitals across the country who need funds.
A CII-McKinsey study estimated that India will spend USD 45.6 billion on health in the next five years. ICICI Venture wants to build a healthcare platform that will control a variety of healthcare players. The company hopes to use its large balance sheet and size to buy equipment, help the hospitals raise money and hire doctors. The new company proposes to list itself on the stock exchanges in a few years.
AIIMS to provide air ambulance service
India’s premier medical institute, AIIMS, is set to become the first government hospital in the country to get a helipad and start an air ambulance service to deliver urgent medical attention to critically ill patients. An application by AIIMS is being processed by the ministry of civil aviation and permission has been sought to construct a helipad.
Senior doctors say close to 50% of critical patients in India die on their way to hospital. Though the expense involved in airlifting patients will have to be underwritten and the service won’t come cheap. Transferring a patient, say from Chandigarh to Delhi, could cost close to INR 1.5 lakh.
The helicopter ambulance will have paramedic staff and a doctor trained to handle critical patients. The staff on board and on the ground will be given special training on transporting patients in these choppers.
The service will be available at the AIIMS trauma centre which has been operational for the past 10 months though it is yet to be formally inaugurated. While some private hospitals across the country and in Delhi already have air ambulance service, AIIMS is the first government hospital in the country to provide the services.
Bangalore’s Vitage Tech signs deal with TTK Healthcare
Bangalore based Vitage Technologies, a business service management company, has signed an agreement with TTK Healthcare Services Pvt Ltd, part of the TTK Group, to handle their IT operations as the managed services partner.
Vitage will be managing TTK’s data centre, applications, network and the service desk on a 24×7 basis. Vitage will also provide direct support in Chennai, Mumbai, Hyderabad, Delhi and 15 more locations across the country. Upgrading the IT infrastructure is expected to help TTK Healthcare improve its customer service through service efficiency. TTK Healthcare along with the Vitage team has already implemented some of the base processess and a centralized service desk as well as completed the knowledge transfer activities. The tie up is expected to upgrade TTKs IT process maturity and bring closer alignment of IT with business.
Nimhans, Mysore hospital connect for telemedicine
NIMHANS, Bangalore and Mysore based KR Hospital has established connectivity for their telemedcine project in collaboration with Larsen & T