Financial Daily from THE HINDU group of publications
Friday, Mar 17, 2006


Group Sites

Corporate - Mergers & Acquisitions
States - Tamil Nadu

Lifeline takes over Karur hospital

Our Bureau

The 15 clinics taken over by Lifeline are equipped with all the necessary facilities — pharmacy, laboratory, x-ray and ECG machines and consulting rooms.

Hub-and spoke structure planned

Chennai , March 16

The Lifeline group, which runs two hospitals and a clinic in Chennai, has taken over the management of S&V Loga Hospital of Karur on a 15-year lease. It has also taken over the ownership of 15 clinics in 13 towns near Karur from the Jansons group, for an undisclosed consideration.

Lifeline intends to integrate the 120-bed S&V Loga and its 15 clinics in a hub-and-spoke structure and tele-link Loga with the Lifeline Multi Speciality Hospital in Perungudi, Chennai.

This model will be replicated in most of the districts in Tamil Nadu over the next two years, Dr J S Rajkumar, Chairman, Lifeline group, told a press conference here today. "We hope to network the entire State," he said.

The 15 clinics taken over by Lifeline are equipped with all the necessary facilities — pharmacy, laboratory, x-ray and ECG machines and consulting rooms. Cases that need greater medical attention would be referred to Karur and if further necessary, to Chennai.

The Lifeline hospital at Perungudi, Chennai is today a 225-bed hospital which started functioning from October 2005. Dr Rajkumar said that it would break even in a year's time. By December, the hospital, (built at a cost of around Rs 25 crore,) will see revenues of Rs 6 lakh a day, he said.

Lifeline plans to double the bed strength of the hospital over the next two to three years. According to Dr Selva M Annamalai, Director, Lifeline, the expansion would cost around Rs 15 crore.

Lifeline Multi Speciality, by virtue of its being located close to the IT corridor in Chennai, has won tie-ups with most of the IT companies (notably, CTS and Infosys) to locate its clinics within the companies. This results in referrals to the main hospital, Dr Rajkumar said.

More Stories on : Mergers & Acquisitions | Medical Institutions & Hospitals | Tamil Nadu

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

Stories in this Section
Viceroy Hotels clears equity, warrants issues

Siemens bags orders worth Rs 68 cr
Aurobindo drug gets US FDA nod
Certification for Hikal's drug
Avon allots shares to non-promoters
Jet Airways defers FCCB, GDR issues
Wockhardt gets nod to raise $800 m
Deutsche to invest $75 m in Sical
Fidelity hikes stake in Dr Reddy's
Rajesh Exports buys out OyzterBay chain
Writer Corpn eyeing global acquisition
Lifeline takes over Karur hospital
Coromandel to buy stake in FICOM
Archidply sets up unit in Uttaranchal
Recaero sets up Indian subsidiary in Bangalore
Suzlon Energy to invest $60 m in China
AP Paper Mills strike called off
`Gulf Oil entry into new areas to unlock shareholder value'
Tata Salt's gesture to poor kids
Essar group now into telecom infrastructure
Dunlop to reopen unit at Ambattur on April 10
Chevrolet Aveo range starts at Rs 5.55 lakh
SKF India to roll out new products from Pune unit
Govt questions Cairn's reserve claims
Taurus plans to make India Asia Pacific hub
Pasrija takes over as OIL CMD

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 2006, 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