The hospital is expected to commence operations in ~four years
Global Health has signed an Operations and Management Agreement with Dr Narayan Dutt Shirmali Foundation International Charitable Trust Society (Society) to operate and manage a ~750-bed super speciality hospital in Pitampura, New Delhi. The hospital is expected to commence operations in ~four years, subject to necessary statutory and customary approvals.
As per the agreement, the hospital building and associated civil infrastructure will be developed by the Society and Medanta will make the necessary investments in internal fitouts, MEP, furniture and medical equipment. Medanta is expected to incur a project capex of ~Rs 600 crores in the next three to four years, to be funded by internal accruals and debt financing. Medanta will have full control over the hospital's day-to-day operations. The agreement is for an initial term of 30 years, further extendable on mutually agreeable terms.
The hospital will be located on a 7-acre site in Pitampura, New Delhi, with a total built-up area of 7.6 Lakh sq.ft excluding the basement. The site offers good connectivity to the Outer Ring road and is in close proximity to high-density residential areas, which will enable Medanta to serve the region's growing healthcare needs. The state-of-the-art ~750 bedded super-speciality hospital will cater to over 30 super specialities including cardiac, neurosciences, cancer, orthopaedics, digestive, hepatobiliary sciences, multispecialty robotic surgeries, regenerative medicine, as well as full range of transplants.
Dr Naresh Trehan, CMD, Medanta, said, “We are thrilled to expand our footprint in New Delhi by entering into an O&M agreement to operate and manage a ~750 bed super-speciality hospital in Pitampura. This large scale format hospital aligns with our commitment to providing high-quality quaternary care and will allow us to serve communities in Delhi for decades to come.”
“This strategic expansion reinforces our vision to build a sustainable and high-standard healthcare delivery platform. By securing this O&M agreement, we are strengthening our presence in Delhi/NCR and reaffirming our dedication to elevating patient care in the region through world-class services and facilities,” added Pankaj Sahni, Group CEO and Director.
