HIL to pick up 8.5% in Apollo BPO
Mauritius-based firm Healthcare Investment (HIL) is picking up around 8.5% stake in Apollo Health Street (AHS), the healthcare BPO arm of India
Mauritius-based firm Healthcare Investment (HIL) is picking up around 8.5% stake in Apollo Health Street (AHS), the healthcare BPO arm of India
Jammu and Kashmir government plans to construct 300 buildings for allopathic, Indian system of medicine and Public Health Centres (PHC) this year to further strengthen medical facilities in the state.
Medical care provider Lilavati Hospital and Research Centre is planning to set up another 300-bed hospital in Mumbai at an approximate cost of INR 200 crore.
The organised retail health sector in Gujarat seems to be hotting up. After pharmacy and wellness chains of Apollo and Reliance, now Hyderabad-based MedPlus Health Services Pvt Ltd, one of the fastest growing chain of health network, is marking its foray into Gujarat by launching its pharmacies in Ahmedabad.
Trivitron’s Medical Technology Park (MTP) is all set to commence construction in Chennai; MTP to create employment for 1000 people by 2011; signs JVs with Aloka, Brandon and Bio-systems for the MTP.
Private equity (PE) giant Texas Pacific Group (TPG)-controlled Parkway Hospital in Singapore is leading the race to acquire 25-30% stake in Bangalore-headquartered Manipal Hospital for over INR 500 crore, sources said.
The government plans to invest INR 750 crore to develop health centres in partnership with health majors such as Apollo Group and trauma care centres like Emergency Management and Research Institute (EMRI), Hyderabad. And nearly 140 trauma care centres will be developed along the 6,500 km long north-south and east-west corridors of the four to six lane express highway.
Indian hospitals are upping the ante on outsourcing. Instead of making heavy capital investments on expensive diagnostic equipment, costing INR 1.5 to INR 5 crore for MRI & CT scans, hospitals are opting for newer pay-per-use and outsourced models.
The hub and spoke model is increasingly being adopted to deliver high-end healthcare in smaller cities and one of the newest hospital chains to use this expansion route is the Global Hospital.
[This article was published in the May 2008 issue of the eHEALTH Magazine (https://www.ehealthonline.org)]
Business News
[This article was published in the May 2008 issue of the eHEALTH Magazine (https://www.ehealthonline.org)]
India News
With a view to promote research and development in the pharmaceutical sector, the government plans to provide soft loans of INR 100 crore to the industry in the current fiscal.