June 25, 2009

MP Birla group to go for major expansion of healthcare venture

KOLKATA, JUNE 23: The MP Birla group has decided to go for a major expansion of its healthcare venture. The group, which runs reputed hospitals like BelleVue Clinic in Kolkata and

Bombay Hospital in Mumbai, has decided to set up three new multi-speciality hospitals — one in Kolkata and two each in Rajasthan.

The group is now finalising the investment outlay. For starters, the group is scouting for 5-to-6 acres in Rajarhat for the Kolkata facility which will have more than 200 beds. While it has sought land in Rajarhat from the West Bengal government, the group is also exploring options to acquire land on its own.

"The Kolkata hospital will provide world-class healthcare to patients from the economically weaker sections of society. The cost of the service will be priced accordingly," said Harsh Vardhan Lodha, trustee and member of the managing committee of Belle Vue Clinic and son of the erstwhile MP Birla Group chairman Late R. S. Lodha.

On the other hand, the two proposed hospitals in Rajasthan will come up in Jaipur and Chittorgarh. The group has already acquired seven acres in Jaipur from the Rajasthan government. "The Jaipur hospital will have more than 300 beds. On an average, we will invest around Rs 10-15 lakh per bed for these facilities," said Mr Lodha.

The MP Birla group also operates a speciality eye care venture in Kolkata, Priyamvada Birla Aravind Eye Hospital, Bombay Hospital in Indore, and M.P. Birla Vikas Hospital and Priyamvada Birla Cancer Research Institute, both in Satna. It plans to expand the Belle Vue Clinic by increasing number of beds and foraying into newer specialities.

"We are adding 60 new beds by setting up a mother and child care department comprising maternity unit and a neonatal intensive care unit. This apart, there will be a 26-bed invasive cardiac unit with provision for Cath Lab and a dedicated cardiac operation theatre. The total investment on this expansion will be around Rs 20 crore," said Mr Lodha.

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