Business Daily from THE HINDU group of publications
Thursday, Sep 21, 2006
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Business Daily from THE HINDU group of publications Thursday, Sep 21, 2006 ePaper |
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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.
Investment
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.
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