March 21, 2008

Reliance-ADAG plans Rs.1000 Crore medical cities across country

As part of its plan for a pan-India foray in the healthcare sector, Reliance ADAG is planning to set up health cities or medical cities across the country. The company is learnt to be in talks to acquire land in Kolkata and Jaipur for the project.

According to industry estimates, each of these healthcities would require an investment of about $250 million or Rs 1,000 crore. When contacted, a Reliance ADAG spokesperson said, “We would not like to comment at this stage.”

According to sources, these medicities are expected to provide a complete medical ecosystem with facilities such as hospitals, medical, nursing and para-medical institutes, accommodation facilities for patients, space for retail etc.

It is also possible that the company may tie-up with a top class healthcare service provider depending on the project. Most of the leading Indian healthcare service providers such as Apollo Group, Fortis Healthcare and Hinduja Group among others have chalked out plans for medicities. Typically, the medical cities is a one-stop destination for all healthcare requirements.

In addition, it also supplements companies with skilled manpower which is facing huge shortage in the fast booming domestic healthcare industry. Although, Reliance ADAG has ambitious healthcare plans, it has only one hospital—Kokilaben Dhirubhai Ambani Hospital, a tertiary care facility in Mumbai. It is believed that once this hospital gets operational later this year, the company would expedite its expansion plans

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