SevenHills Hospital to start first phase of operations in Sep

SevenHills Hospital to start first phase of operations in Sep
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First Published: Thu, Jul 09 2009. 01 15 AM IST
Updated: Thu, Jul 09 2009. 10 21 AM IST
Mumbai: Asia’s largest private sector hospital, SevenHills Hospital, Mumbai, will start its first phase of operations in September. The Rs1,000 crore project is a public-private partnership between the Bombay Municipal Corporation (BMC) and the Hyderabad-based SevenHills Healthcare Pvt Ltd. As part of the agreement, 20% of the 1,500-bed capacity of the hospital will be reserved for patients who come through the BMC’s healthcare system, said Jitendra Das Maganti, chairman and managing director, SevenHills Healthcare.
Under the public-partnership initiative, BMC has leased out for 60 years a 17-acre plot for the hospital at Andheri near the Mumbai international airport. With a built-up area of 2 million sq. ft, the hospital has 16 blocks divided into 11 levels. The funding for the project comprises mostly private capital and term loans from banks.
A senior official from BMC, who didn’t want to be identified, said: “The corporation had received proposals from several private sector players including large domestic hospital chains for this hospital project but it had to reject many proposals as many of them didn’t actually follow the particular strategy of making a world-class hospital with generally affordable fee structure.”
Maganti, in an interview last week, said: “This hospital project has been conceptualized with an aim to serve all segments of society as well as patients looking for specialized treatments from across the country and abroad.”
The hospital will have at least 30 specialities, among them cardiac, renal, gastro and neuro sciences, diabetology, oncology, organ replacement and transplantation, IVF and assisted reproduction, stem cell transplant, and reconstructive and cosmetic surgery.
Sanjay Sharma, vice-president, hospital services development, said the hospital would also have a helicopter evacuation facility for critically ill patients.
According to Maganti, the hospital will provide the same quality of treatment of a so-called five-star hospital at a lower price tag, a model he claimed will reform organized private sector healthcare in India.
“This new hospital project could be one of the landmarks in the healthcare capacity building process of the country,” said a corporate consultant to the healthcare sector, who didn’t want to be named because of his work with the industry. According to an early 2009 report from global consultanting form McKinsey and Co., India needs an additional investment of at least Rs1.4 trillion to meet the growing demands of healthcare services by 2015.
The hospital, with a 300-bed critical care unit and 36 modular operation theatres, which are much larger compared with even public sector hospitals, is the first of its kind in Mumbai
SevenHills Healthcare started its first hospital in Visakhapatnam 25 years ago, and is currently in talks with other regional authorities in other states for similar public-private projects.
ch.unni@livemint.com
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First Published: Thu, Jul 09 2009. 01 15 AM IST