RUJ Group to foray into hospital space with ₹200 cr investment

After strengthening its presence in the Swiss precision technology for medical devices segment, Rajasthan-based RUJ Group announced its latest foray into hospital space.

Announcing a 150-bed multi-super-specialty hospital in Jaipur, Dr. Nalin Joshi, Managing Director, RUJ Hospitals Private Limited stated that the group will invest approx ₹150- 200 crores over a period of next two years for the hospital. The funding will be met through internal accruals of the group.

The hospital, which will be ready in two years, will provide specialty healthcare services including Critical Care, CTVS, cardiology, neurosciences, oncology, gastroenterology, with a backup of nephrology, endocrinology among others.

"It will deliver mainly to the west zone of Jaipur, which lacks multi-super speciality services and care. We are also building it on the concept of Green Hospital Building," said Dr Joshi.

The RUJ Group is founded by the Switzerland-based billionaire scientist-turned-entrepreneur Dr Rajendra Joshi and his wife Mrs Ursula Joshi. The Group had already invested in excess of ₹1000 crore so far in India across sectors including Skill Development University, Electrical projects besides a Swiss precision and assembly plant at Jaipur.

As per an industry estimate, by 2022, healthcare market in India is expected to reach $372 billion backed by strong demand of better healthcare services, rising awareness about healthcare, increasing acceptance of insurance and government’s thrust to improve healthcare standards. Rajasthan accounts for high out-of-pocket expenses with about 75 per cent of total expenditure of healthcare is borne by individuals and have to travel out to metro cities where they have to bear travel and stay expenses by themselves.

A super-specialty hospital by RUJ Group looks to cater to the growing need of Rajasthan through its campus spread across 3.5 acres.

In a statement, Dr. Rajendra Joshi, said, "This multi-super-specialty hospital will suffice one’s need to travel to bigger cities of India for healthcare concerns. We will try to make sure that an individual who is brought to the hospital in medical distress will be given world-class health service. World's best equipment and best set of doctors will be available in the hospital along with teams of Swiss and Indian experts."