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Narayana Hrudayalaya chalks out Rs. 500-cr expansion plan

Narayana Hrudayalaya chalks out Rs. 500-cr expansion plan

first_img News Narayana Hrudayalaya chalks out Rs. 500-cr expansion plan Phoenix Business Consulting invests in telehealth platform Healpha Heartfulness group of organisations launches ‘Healthcare by Heartfulness’ COVID care app Share By EH News Bureau on November 20, 2017 Related Posts WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionalscenter_img Read Article MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” The missing informal workers in India’s vaccine story The domestic expansion will be in Delhi-NCR and Narayana will be commissioning a 200-bed hospital in Gurugram in JanuaryNarayana Hrudayalaya has chalked out a Rs 500-crore expansion plan, which will see it entering high-value markets in the country over the 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 high-value markets like Delhi-NCR and Mumbai. We’re also exploring opportunities in Africa,” Narayana Hrudayalaya’s Vice-Chairman and MD, 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. 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 that the capacity will be ramped up to 350 beds over the next one-and-a-half years.Narayana has 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 the capacity to 380 beds in the second phase, Raghuvanshi said.The company had picked up 71 per cent stake in Health City, Cayman Islands for $32 million in 2015. It had a revenue of $12 million in the past quarter, he said.“We want the existing hospitals to mature but will keenly explore brownfield projects which have interesting growth possibilities,” he said.Narayana has six focus areas across all its hospitals, Raghuvanshi said, adding that as a result revenue from the cardiac care side has come down from 90 to 40 per cent now. While gastro care chips in with 14 per cent, 11 per cent come from oncology and 10 per cent from renal sciences.Raghuvanshi said the company will continue to focus on updating technologies in the healthcare delivery side like diagnostic equipment and advanced imaging.On the cluster approach, he said, “This approach is inspired by the advantages of sharing technical resources, human resources and supply chains so that a more profitable growth is achieved.”Narayana has a dominant presence in Bengaluru, Mysore and Shimoga in Karnataka and also in Kolkata, Jamshedpur, Guwahati and Jaipur.It is planning an expansion and upgrade of the Dharamshila Cancer Hospital in east Delhi to a super speciality hospital with 380 beds from the present 250, over the next few years, Raguvanshi said.The company also has a hospital each at Bellary in Karnataka and Palanpur in Gujarat on a franchisee model. Menopause to become the next game-changer in global femtech solutions industry by 2025last_img read more

Gallery: Santa Monica cleans up after afternoon of looting

Gallery: Santa Monica cleans up after afternoon of looting

first_imgHomeFeaturedGallery: Santa Monica cleans up after afternoon of looting Jun. 01, 2020 at 10:48 amFeaturedNewsGallery: Santa Monica cleans up after afternoon of lootingMatthew Hall1 year agobusinesscleanupDowntownLincoln Blvd.lootingmain streetprotestPhoto by Matthew Hall. 12345678910111213141516171819202122232425Photo by Matthew Hall. Santa Monicans came out early Monday morning to clear the debris and aftermath from Sunday’s looting. Business owners and volunteers worked along Main Street, Lincoln Boulevard and in downtown Santa Monica.Tags :businesscleanupDowntownLincoln Blvd.lootingmain streetprotestshare on Facebookshare on Twitteradd a commentYour Column Here – America, Unmasked.Gallery: Protests, riots and lootingYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall6 hours agoNewsCouncil picks new City ManagerBrennon Dixson17 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter17 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor17 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press17 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press17 hours agolast_img read more