Tuesday, October 27, 2009

SevenHills Healthcare plans to set up health cities pan-India

Mumbai: Hyderabad-based SevenHills Healthcare Pvt Ltd has plans to set up 'health-cities' across the country over the next couple of years, a top company official said.

"We have plans to set up health cities across metros and other cities," SevenHills Healthcare's Chairman and Managing Director, Jitendra Das Maganti, told PTI here.

SevenHills is coming up with one of Asia's largest 1,500-bed private hospital in India's financial capital at an investment of Rs1,000 crore. The first phase of the hospital is expected to commence operations from next month.

The hospital, with a 300-bed critical care unit and 36 modular operation theatres, which are much larger compared to even public sector hospitals, is the first of its kind in Mumbai.
A health-city is an integrated centre for clinical and wellness services, medical education and research.

The proposal is, however, on the drawing boards, he said, adding, "We dont want to do things in a hurry - we want to make our presence felt on the country's healthcare map, but gradually."
Locations, where these centres are to be set up, are also being explored, Maganti said.

"There is an immense potential for such healthcare centres. Mumbai itself needs 7-10 hospitals of such magnitude, he said.

Being set up under the public-private partnership, the company's upcoming hospital in Mumbai has a built-up area of two million sq ft and 16 blocks divided into 11 levels.

"The BMC has leased out 17 acres of land for 60 years for this project. As a part of the agreement, 20% of the hospital's total bed-capacity (300 rooms) will be reserved for the treatment of the BMC's staff," Maganti said.

"Our concept of making a hospital is entirely different. We intend to create an affordable hospital at every place," he said, adding the business model was based on volumes, which would reduce the treatment cost by upto 25% compared to other privately-managed big hospitals in the city.

The funds have been raised through 50% private capital and remaining loans from a consortium of banks, he said, adding, "We have already completed two financial closures."

In addition, the hospital also has the provision for a helipad as well as a car parking slot, which could accomodate up to 1,500 cars at a time.

"We have planned a helipad, both on the rooftop and also one on the ground. We have applied to the directorate general of Civil Aviation for regulatory approvals," Hospital Services Development vice president, Sanjay Sharma, said.
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