Financial Daily from THE HINDU group of publications
Thursday, Nov 10, 2005
Financial Daily from THE HINDU group of publications Thursday, Nov 10, 2005 |
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Corporate
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New Projects Wockhardt Hospitals plans Rs 500-cr expansion — Gets JCI accreditation from US Our Bureau
Mr Habil Khorakiwala (left), Chairman, Wockhardt Hospitals, and Dr Harrey Makadon, Director-Healthcare Standards, Harvard Medical International, at a press conference in Mumbai on Wednesday. - Shashi Ashiwal
Mumbai , Nov. 9 WOCKHARDT Hospitals will invest Rs 500 crore in four greenfield projects over the next three years, said the Wockhardt Chairman, Mr Habil Khorakiwala. Wockhardt would not be looking at the acquisition route to grow its hospitals-network in the country, he indicated, responding to a query in the context of Fortis Healthcare's recent acquisition of Escorts Hospital in Delhi. Wockhardt's new hospital projects will be spread across the country at Mumbai, Delhi, Bangalore, and Kolkata, he told mediapersons at an event to announce that Wockhardt's Mumbai hospital had got accreditation by the Joint Commission International (JCI), US. JCI is seen as the gold standard for healthcare and Wockhardt is the first super-speciality hospital in the country to get this accreditation. The JCI accreditation, which Apollo Hospitals Group recently received was for a more general, multi-speciality hospital, a Wockhardt official explained. About 1,300 healthcare indicators are judged by the Commission before a hospital is given the accreditation, said Mr Vishal Bali, Vice-President of Wockhardt Hospitals. The JCI accreditation follows onsite evaluation by the international surveyor team of healthcare experts in August. On growing the hospitals-network, Mr Khorakiwala indicated that the resources to fund the expansion would be raised via equity or debt. There were no plans to tap the market, he said. A 400-bed hospital was expected to be operational in Bangalore in the next six months and this would be its second facility in the city. Also coming up are a heart hospital in Nagpur and a couple of hospitals in Hyderabad. Wockhardt's hospitals had received about 800 patients from South-East Asia, Germany, the UK and the US, he said. The inflow of patients from across the world would double over the next few years, he added.
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