Shalby Hospitals, an Ahmedabad-based super-specialty hospital, has acquired a majority stake in Vrundavan Hospital Pvt Ltd, a Goa-based hospital. Vrundavan Hospital has three units in Goa state and it is the only hospital in India conducting 3,000 kidney dialysis every month.
“We have acquired 55% equity in the Goa-based hospital, which has combined capacity of 120-bed in all of its three units in Goa. As it provides only primary and secondary healthcare, it refers all the cases to hospitals in Mumbai or Chennai for further treatment. Now, such cases would be diverted to Shalby's units in Ahmedabad, where we will give the patients tertiary treatment,” said Vikaram Shah, chairman and managing director, Shalby while announcing the acquisition. Meanwhile, Shalby Hospitals the healthcare provider, known worldwide for knee surgery replacement, has won the award for “Best Operational Excellence in Healthcare, 2011”, from Federation of Indian Chambers of Commerce and Industry (FICCI), New Delhi. While the hospital won the award in the category of best managed hospital in the country, average life of hospital stay, which is 4.5 days in case of Shalby, was one of the main parameters considered for selection.
Apart from expanding its presence outside Gujarat, Shalby Hospitals is a new unit in Ahmedabad. It will invest in phases on this new facility, around Rs 100 crore in the first phase and close to Rs 50-80 crore in the second phase. The hospital already has around 8,000 sq yard of land in possession.
Shah, meanwhile, is also working on setting up 100-bed hospital at Jaipur, a 100-bed brownfield hospital in Indore, a 250-bed hospital in Goa in public-private partnership, apart from a 200-bed facility in Surat within the next two and half years. “The average investment per bed is around Rs 50 lakh. The Indore unit would be operational within the next six to eight months, while the Jaipur unit will take around two and half year's time to come up,” he said. Shalby plans to fund this Rs 325 crore expansion plan through a mix of debt and equity. Shah had informed earlier.
Source: Business Standard