• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Bangalore, July 21

Narayana Hrudayalaya is to upgrade and manage two multi-disciplinary hospitals currently being run by Tata Trust in Jamshedpur, Jharkhand. It will also operate a third hospital in the steel city on a long term basis, the Bangalore-based heart care major said here.

Narayana Hrudayalaya Pvt Ltd will invest in the upgrades and return the Tata Trust’s revenue share towards services for the poor, Dr Shetty said. The financial details were not disclosed.

Of the Tata Trust hospitals, Ardeshir Dalal Memorial Hospital on 35 acres of land will be developed into a 5,000-bed Health City with medical and nursing education.

The Jamshedpur Eye Hospital will be scaled up into a ‘Medicity’ or a 500-bed tertiary care hospital offering ophthalmology, dialysis, neurosciences, organ transplants, gastroenterology, total paediatric care and others. “Through the Medicity in Jamshedpur, we will be able to detach medical care from the affluence associated with it,” Dr Shetty was quoted as saying.

Supporting these two projects will be the 500-bed Brahmananda Narayana Hrudayalaya Hospital which will be commissioned at Tamolia, Jamshedpur in the next two months, the hospital said in a release.

NHPL is the holding company promoted by Dr Shetty and his family, along with personal investment by Biocon Ltd’s CEO, Ms Kiran Mazumdar-Shaw; and Rs 400 crore as combined private equity from AIG Investments and JP Morgan. Its goal is to have 5,000-bed hospitals in each State and add 20,000 hospital beds in the next five years across the country.

The MoU for the Ardeshir Dalal Memorial Hospital was signed by Dr Devi Prasad Shetty, CMD of NHPL, and Mr Avinash Prasad, hospital Vice-Chairman. The MoU for the eye hospital was signed by Dr Shetty and Ms S. Muthuraman, Chairperson, Jamshedpur Eye Hospital, both in the presence of Tata Steel’s MD, Mr B. Muthuraman, and other officials.

“Once the three hospitals are commissioned, we wish to launch a micro health insurance programme on the lines of the Yashashwini scheme of the Karnataka Government which covers nearly three million farmers. We wish to make Jamshedpur the first city in the country where every resident is covered for the health care,” Dr Shetty said.

More Stories on : Medical Institutions & Hospitals | Modernisation | Karnataka

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Q1 cement despatches rise

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line