DM Healthcare, a leading healthcare conglomerate in West Asia and India, has firmed up plans to invest Rs 2,300 crore in Kerala over a period of three years. Of the total investments, the group has earmarked Rs 1,100 crore this year.
This includes Aster Medcity in Kochi at an investment of Rs 500 crore, DM Wayanad Medical College and WIMS Hospital at a cost of Rs 250 crore, a 200 bed super speciality hospital in Kannur at an investment of Rs 100 crore.
Speaking to Business Line on the sidelines of the Global Healthcare Summit, Azad Moopen, Chairman, DM Healthcare, said the group aims to reach people across geographies with the objective of making quality healthcare accessible to people in the countries of its operation.
DM Healthcare is currently present in four GCC countries and India with a network of 150 establishments, offering diverse and comprehensive healthcare facilities.
Referring to Aster Medcity in Kochi, he said the first phase of the project is on track for commissioning during the second half of this year. The first phase includes a 550 bed Core Hospital with 9 Centres of Excellence (COEs) in various super-specialties like Cardiology, Ortho, Oncology etc.
The 40-acre Medcity campus will have a 500 seat medical convention centre, a 4-5 star hotel etc. A high-end residential facility of about 1.5 million square feet is also planned.
The addition of nearly 3,000 beds to the existing 750 beds in Kerala under DM Healthcare’s operations through Malabar Institute of Medical Sciences is likely to provide direct employment opportunities for at least 12,000 people, he added.
On the Wayanad project, Moopen said he is trying to address the healthcare requirement by setting up a Medical College with 700 bed hospital in 50 acres in this backward district with poor medical care facilities.
The first phase of the hospital will be soon functional and the Medical College aims to take its first batch of students for the MBBS course in August 2013, he said.
“Kerala poses as a highly priority destination for our investments in India in view of the demand for advanced healthcare facilities and our already existing and pipelined projects in the State”, he said.