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Fairfax, Quess commit Rs 300 Cr for 350-bed paediatric centre at CMC Vellore

The proposed centre will be known as CMC Vellore Paediatric Specialty Centre

Fairfax Financial Holdings along with Quess Corp have announced the signing of an MoA with Christian Medical College, Vellore, to set up a paediatric speciality centre at its Kannigapuram campus. The proposed centre, which will be called the ‘CMC Vellore Paediatric Specialty Centre’, will have 350 beds covering a range of paediatric specialities.

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Fairfax and Quess have pledged up to Rs 300 crore towards setting up this centre, with the vision to provide leading state-of-the-art paediatric medical and surgical services. In addition to treatment, the centre will also focus on education, training and research. This will help meet the medical needs of patients coming not only from different parts of India but across the globe for consultation and treatment.

The Fairfax-Quess partnership aims to support CMC’s culture of caring for the poor and vulnerable and maintaining a fine balance between providing quality treatment while being inclusive and minimizing the financial burden on patients.

The centre, upon completion, will be located in a building named the Fairfax-Quess Block and will add to the existing capacity of the well-renowned multi-specialty medical institution in Vellore. It will also support the development of programmes, services and resources that are scalable and transferable for potential expansion to future sites across the country.

The committee will be chaired by the Director of CMC Vellore and will consist of members nominated by CMC Vellore, Fairfax and Quess.

Prem Watsa, Chairman and CEO, Fairfax, said, “We are excited to partner with CMC Vellore, which has a long-established culture of caring for the poor and vulnerable, on the development of this centre. Fairfax is committed to giving back to the communities where we operate and we believe this initiative will enable CMC to lead the way in transforming paediatric care in India.”

Dr JV Peter, Director, CMC, said, “With this centre, we have come full circle from our initial focus on mothers and children to developing and providing paediatric specialisation services and training programs for the country. We are confident that this project will be a game-changer in the paediatric specialisation domain.”

Ajit Isaac, Chairman, Quess, said, “The last two years have been a testing time for healthcare providers, with institutions like CMC Vellore being at the helm of maximising healthcare access to a larger section of society. Quess, through Care Works Foundation, has been supporting children’s wellbeing, health and hygiene programs for years. This partnership takes our commitment to impacting lives further by improving medical care access for children in need.”

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