Sahara to invest Rs4,000 cr for hospital-chain

New Delhi: In line with its plans to become a national player in the domestic healthcare sector, diversified business conglomerate Sahara will invest up to Rs4,000 crore over the next 10 years in setting up chain of 217 secondary hospitals across the country.

“We are planning to set up a chain of 217 secondary care hospitals in each of our 217 up coming townships (Sahara City Homes). These hospital would come up with an estimated investment of Rs15-20 crore each,” said Sahara Prime City Head Infrastructure and Housing Sushanto Roy.

The company had earlier announced its plans for setting up Sahara City Homes at more than 217 locations and the hospitals would come up in these areas.

The hospitals would be designed in such a way that they could be linked to three proposed super specialty hospitals of the group through telemedichine technology, Roy said.

When asked about details of the investment, Roy said, “Funding for these hospitals would be provided through a mix of debt, internal accruals and private equity.”

Real estate arm of the company, Sahara Prime City will be responsible for its healthcare business and has also announced the proposal to set up three superspeciality hospitals, one each in Lucknow and Gorakhpur in Uttar Pradesh and in Mumbai, with an estimated investment of over Rs2,000 crore. It would also build the Sahara City Homes.