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Fortis to invest Rs100 cr in medical institute in Punjab

Fortis to invest Rs100 cr in medical institute in Punjab
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First Published: Sun, Aug 03 2008. 11 28 AM IST
Updated: Sun, Aug 03 2008. 11 28 AM IST
By PTI
New Delhi: Medical service provider Fortis Healthcare plans to set up an institute, which will also house a cancer research hospital, in Punjab at an initial investment of Rs 00 crore.
“We have submitted a detailed plan to Punjab Government to upgrade the healthcare services in the state which includes setting a medical education centre that would include nursing school, OPD centre and a large cancer hospital,” Fortis Healthcare CEO Shivinder Singh told PTI.
State officials said Fortis’ plans include setting up a chain of medical centre on a private-public-partnership model.The total investments in the initial phase would be to the tune of Rs100 crore.
Fortis is looking at setting up a large hospital with capacity of 100-250 beds linked to the OPD services, the officials said, adding the firm was looking at replicating the model in other parts of the state.
A high rate of cancer in Punjab, particularly in Malwa region, and absence of proper treatment facilities force people to go to hospitals in neighbouring state of Rajasthan.
The hospital would also provide medical care to patients coming from across the border, officials said. According to data available with the government, a large number of patients from countries like Afghanistan and Pakistan come to India via Amritsar for treatment and there is a big demand for a quality private hospital in the region.
The company is targeting to own 40 hospitals by 2011 and this will be through acquisitions, setting up a greenfield facility or through the PPP model.
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First Published: Sun, Aug 03 2008. 11 28 AM IST