Business Daily from THE HINDU group of publications
Thursday, Sep 21, 2006

Cross Currency

Group Sites

Corporate - Mergers & Acquisitions
Wockhardt Hospitals to run Rajkot hospital

Our Bureau

Mumbai , Sept. 20

Wockhardt Hospitals will now run the Rajkot-based N.M. Virani Hospital, following the transfer of operations and employees into its fold. The move also marks Wockhardt's foray into emerging metros such as Saurashtra in Gujarat.

The 21-year-old Virani Hospital is an existing 200-bed facility with secondary care facilities. By taking over the management of the trustee-run hospital, Wockhardt Hospitals looks to scale-up facilities and introduce tertiary-care specialities such as cardio-surgery, neuro-surgery, joint-replacements etc., the Wockhardt Hospital's Chief Executive Officer, Mr Vishal Bali, told Business Line. It will also introduce 35 critical-care beds at the Virani hospital, he said.


An initial investment of about Rs 20-crore has been lined up for the Rajkot-based hospital, which will be re-christened N.M. Virani Wockhardt Hospital, he added. About 180 employees with Virani Hospital have been taken into the Wockhardt-fold, he said.

On getting into "managing" the existing hospitals, as opposed to setting up green-field facilities, he said that the hospital-chain was open to the different options for growth and there was no shift in strategy.

Wockahrdt Hospitals at present runs clusters of super-speciality hospitals at Mumbai and Bangalore, besides dedicated heart hospitals in Bangalore, Nagpur and Hyderabad and a super-speciality kidney hospital in Kolkata.

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

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

Stories in this Section
Dr Reddy's diabetes molecule likely to enter phase-III soon

German Remedies launches inhaler for asthma
Fiat offers enhanced warranty
Jet Airways defers plans to raise $800 m
BHEL bags Rs 1,224-cr UP contract
SAME India to supply 600 tractors to Angola
Alstom group bags Rs 330-cr orders
Viswakarma awards to VSP staff
Mergers of convenience
Independent unattached directors
Rolling stones that will gather moss?

Meet on resolving disputes
Gabriel India to sell Mumbai property
Wockhardt Hospitals to run Rajkot hospital
WPP to acquire Ray & Keshavan
UB plans to invest more on expansion
Hyundai plans new engine plant, R&D centre in India
Chettinad Cement plans plant in TN
India Infoline set for first overseas retail broking foray
Contract workers' stir enters 2nd day at Honda
Maruti, Magma Leasing in pact for car financing
Recruitment co signs MoU with Japanese firm
Ma Foi expands presence in West Asia
US co Active International, AerenR join hands
Leela Ventures chief takes stake in Millennium India
Suven Life gets NABL certification
NTPC sells fly ash to DMRC, IOC, cement majors
Hyundai studies fuel options for Santro
LG Elec India turnover to cross Rs 10,000 cr
Apollo Tyres sees margins improving
Saregama to focus on tech to step up profits
Shah Rukh's new role at Jet AGM
Directors in tricky spots

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | 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