Financial Daily from THE HINDU group of publications
Saturday, Aug 21, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Medical Institutions & Hospitals


Healthcare on Hiranandanis' radar

P.T. Jyothi Datta

Mumbai , Aug. 20

"IT was not even a dream that Hiranandanis will create a hospital some day," says 87-year old Dr L.H. Hiranandani, a Padmabushan award winner and renowned ENT surgeon.

But having recently established the 130-bed multi-speciality Dr L.H. Hiranandani Hospital at Powai, Mumbai — the Hiranandani Group, spearheaded by Dr Hiranandani's sons, clearly has healthcare on its radar.

With a strong presence in the real estate and construction segment, the estimated Rs 520-crore group is looking at other local and international projects in the healthcare segment, Mr Surendra Hiranandani, Managing Director of the group, told Business Line.

"We are looking at project management services to set up hospitals and manage them. We have a couple of proposals from Hyderabad, besides an international project in another country," he said, unwilling to divulge any details.

Meanwhile, the estimated Rs 70-crore Mumbai-project started its operations earlier this month. The hospital offers secondary and tertiary care, along with the ambulatory care facilities - that reduce hospital stay, by allowing patients to take treatment during the day and go home by night.

Dr Sujit Chatterjee, Chief Executive Officer of the hospital, said that the institution catered to several medical disciplines and 37 of the 130 beds were dedicated to critical care.

Dr Hiranandani said that the hospital has over 120 doctors and 130 nurses and plans were on the anvil to set up a nursing college under the aegis of SNDT College.

Further, he pointed out that the hospital conformed to international standards by way of bed to space ratio.

Responding to a query on people still finding it difficult to afford treatment at corporate hospitals, he said: "As it is a charitable trust hospital, 10 per cent of the people treated in general and 30 per cent of critical care would be for free. But finally, the care of people who cannot afford will have to be taken up by the State.

``The numbers are so large that even the best of hospitals will not be able to cater to their needs. The Government will have to increase its spending on health and provide some sort of a healthcare scheme."

More Stories on : Medical Institutions & Hospitals

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
PM stresses on need to tap non-conventional energy


Biodiesel union inks pact with UK-based co
With new vigour
Core sector growth up 7.4 pc in July
Inflation scales up on costlier fuel, metals
House panel urges steps to boost tax-GDP ratio
Business Confidence Index drops 11.6 pc
Classification row over palm oil import duty
`SAFTA will be operational in 2006'
ONGC to enter petrol retailing by fiscal-end
`Excessive price control may result in drugs shortage'
Pharma cos fear fall in investments
Spread info on energy-efficient technology, says Kerala Chief Secy
Bid to curb inflation — Import duties on steel cut
Validity of textile export quotas extended
TN match-box units to stop production
Rainwater harvesting at Eramalloor
CIL sets its sights on coal gas
ESPN-Star, Zee in slanging match over cricket telecast
Govt examining issues on lapsed convergence Bill
MoUs with foreign varsities: Govt withdraws norms
US management students see better scope in India
NID, IIM to promote start-ups
Refrigerator sales way behind projections
Urban co-ops unhappy with 90-day norm for gold loans
Healthcare on Hiranandanis' radar
Gold medal for AP scientist
Telugu film industry to bear the brunt of Karnataka ban
In Hyderabad today
Tea import bill rises 83 pc to Rs 13 cr
Tourism hubs to come up in 31 villages
`Tourism set to account for 35% of Uttaranchal GDP in 5 yrs'
Bid to sell TN as tourist spot `paying'
Tourism meet in Delhi



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line