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Narayana Hrudayalaya plans Rs 500 cr expansion, to enter Africa
November 19, 2017
Leading private sector hospital chain Narayana Hrudayalaya has chalked out a Rs 500 crore expansion plan, which will see it entering high-value markets in the country over next three years as well as making a foray into Africa. 'After acquiring Health City, Cayman Islands, which is our sole overseas venture so far, we now plan to consolidate our domestic presence by entering the high-value markets like Delhi-NCR and Mumbai. We're also exploring opportunities in Africa,' Narayana Hrudayalaya's vice-chairman and managing director Ashutosh Raghuvanshi told PTI here over the weekend. He said domestic expansion will be through a cluster- based approach and the initial focus will be Delhi-NCR. For overseas expansion, Raghuvanshi said, they have signed agreements with local partners in the Kenyan capital of Nairobi, for which they have also signed an agreement with an international financial institution for funding. This will be a greenfield project. The domestic expansion will be in Delhi-NCR and Narayana will be commissioning a 200-bed hospital in Gurugram in January, he said, adding the capacity will be ramped up to 350 beds over next one-and-a-half years. Narayana recently opened its first hospital in Mumbai - the SRCC Children's Hospital, which is the only paediatric hospital in its portfolio. The super-speciality tertiary care for children has already completed 300 surgeries and screened 5,000 children in the outpatient department. On investments, Raghuvanshi said, 'We're looking at an investment of Rs 500 crore over the next three years. Our focus is on continuously investing and upgrading existing and new hospitals in the country with a capex plan of Rs 100-150 crore per year.' He said most of the annual capex will be used to improve technology, equipment and supply chains. Narayana has invested Rs 55 crore in Mumbai hospital in the first phase and an additional Rs 25 crore will be invested to increase capacity to 380 beds in the second phase, said Raghuvanshi. The company had picked up......
November 16, 2017

As part of its ongoing commitment to developing the healthcare infrastructure in Malawi, the country’s Ministry of Health, through the Global Fund Project Implementation Unit (PIU), has embarked on a $3,7-million project to install solar energy at 85 health facilities nationwide.

In"...

November 11, 2017

Algeria will request for an increase in its bluefin tuna fishing quota for the next tuna fishing campaign when negotiations with the International Commission for the Conservation of Atlantic Tunas (ICCAT) are expectedto take place later this month, says the Director General of Fishing and Aquaculture Taha Hamouche....


November 19, 2017

A 20-member Finnish delegation is in Ghana to explore business opportunities and to promote mutual cooperation between the two countries. The visit would enable Finnish companies to enhance trade with their Ghanaian counterparts.

Mr Kai Mykkänen, the Finnish Minister of Foreign Trade and Development, who led the delegation to pay a courtesy call on Mr Kwabena Okyere Darko, the Deputy Minister of"...

November 19, 2017

The average prices of National Household Kerosene, Liquefied Natural Gas which is also known as cooking gas, and Automotive Gas Oil (diesel) increased by 3.39, 24.20 and 9.28 percent respectively during the month of October 2017.

These figures were contained in the latest report from the National Bureau of Statistics.

The monthly"...

November 19, 2017

Kenya’s Ministry of Industry, Trade and Cooperatives has this week launched a platform known as the Cooperative Management Information System (CMIS), an online information registry for Savings and Credit Cooperative Organizations (SACCOs) nationwide.

Adan Mohamed, Kenya’s Cabinet Secretary for Trade, explained that the new CMIS platform will offer integrated online services, including registration"...

November 19, 2017

Emirates Hospital, a leading healthcare facility owned by KBBO Group, has reaffirmed its commitment to providing medical services to tourists, particularly Chinese visitors.

During official visit and meeting with Dr. Jia Xiao Fang, President of China International Health & Medical Tourism Association (CIHMTA), China’s largest Health Tourism and Medical Tourism Industry Platform, the CEO of"...

November 19, 2017

The growth operation and management (O&A) model in the healthcare sector will enable healthcare providers around the world to offer patients better services, according to the CEO of the region’s leading healthcare groups, NMC Healthcare.

Speaking ahead of his participation on a panel entitled “Transforming Healthcare with Technology”"...

November 19, 2017

During the meeting held on 9th November 2017, Julphar Board of Directors released the company’s quarterly results and discussed the business achievements for the first nine months of 2017.

The Board acknowledged opportunities and challenges that have been impacting the Middle East and North Africa (MENA) region lately. The Board also evaluated"...