The Hindu Business Line : Havell’s parent picks 70% in Central Hospital

New Delhi, November 12 QRG Enterprises, the parent company of the $1-billion global electrical major, Havell’s India Ltd, on Monday announced its acquisition of 70 per cent stake in Central Hospital and Research Centre for Rs 30 crore.

Central Hospital and Research Centre, based in Faridabad, is a 140-bed super specialty hospital and offers specialty care in neurosurgery, plastic surgery, knee and joint replacement surgery, non-invasive cardiology, orthopaedics, radiology with CT Scan and many other speciality care services.

The hospital is equipped with ICUs, seven operation theatres, blood banks, diagnostic and ultrasound facility and digital scan

Commenting on the development Mr Qimat Rai Gupta, Chairman and Managing Director, QRG Enterprises, said, “A country of a billion-plus population presents an enormous need for quality healthcare facilities. Healthcare access and delivery still remain out of the reach of many due to dearth of the required infrastructure. The acquisition of the Central Hospital is a small step and an earnest endeavour towards creating and providing world class healthcare facilities.”

Mr Sanjeev Gupta, Head of Operations, Central Hospital and Research Centre, said, “Central Hospital and Research Centre is well equipped to cater to the growing demand for quality healthcare facilities in and around the Delhi and NCR region. With QRG Group coming on board we are all set to create new benchmarks through expansion of existing facilities and providing holistic healthcare services. It is an important turning point for us and we look forward to emerging as a leading player in the healthcare business.”

According to a joint study by the Confederation of Indian Industry and McKinsey the healthcare industry employs over four million people, making it one of the largest service sectors in the economy.