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New Venture
A Multi-Speciality Hospital in Chennai
Built by the Deepam Hospitals Group, it would be a Rs 60
crore facility
 The
250-bed Deepam Hospitals Group (DHG) of Chennai is building another 200-bed
high-end tertiary care hospital in Chennai. Deepam International Hospital would
have a built up space of 1.40 lakh square feet.
The group has tied up a Rs 30 crore funding with State Bank of India for the
multi-speciality hospital estimated at a cost of Rs 60 crore. The group's target
is to reach 600 beds by the end of 2010. "The upcoming greenfield project
is around eight kilo-metres away from the airport. It would be the single largest
corporate hospital in Chennai's healthcare landscape after Apollo Hospitals,"
said Dr A Pandian, Chairman, DHG.
"This is first company to have doctors as capital in South India. We have
roped in around 160 doctors as investors in this company and more than 40 consultants
as stake holders. And we are constantly receiving enquires from NRI doctors
for the stake and practice at the time of their return to India," he added.
"DHG has tied-up with the Niche Centre for Regenerative Medicine (NCRM),
Japan, which treats over 60,000 cancer patients annually. It is aimed at harnessing
its stem-cell research ability for providing cancer rehabilitation, cord blood
bank and neuro treatments," Dr Pandian said. The group is working on collaboration
with KMH Group of Japan too. "We have allotted shares to the extent of
10 per cent to the incoming doctors. Some portion of the 70 per cent promoter
stake would be diluted to accommodate our Japanese partners," he said.
- Bringing up of 100 bed lower end tertiary
care hospitals in each district by networking of existing primary and
secondary care hospitals.
- To have 2,000 to 3,000 beds within five-to-six
years time.
- Envisaging a health park (medical, para-medical
institutions, medical mall and healthcare manufacturing industries)
at Sriperumbuthur, near the proposed International Airport, Chennai.
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DHG, which caters to the middle and upper-class population, has also invested
Rs 20 crore on a MRI unit. "It is the first-of-its-kind in the city. We
are partnering with MRI suite of the US, wherein the company would sponsor the
equipment on an operate-lease model. This way, we are confident of achieving
the break-even in the first year of operations, against the usual time-frame
of 8-22 months by hospitals. We would also leverage our current network of six
referral centres. Six months ago, we acquired a 20-bed nursing home on a seven-year-lease
and renovated it," he said.
It has plans to add 10-15 such referral centres, this year. Each centre, typically
30-beds, would entail an investment of Rs one crore to support the tertiary
centre. Several players including Fortis Healthcare, DM Healthcare Fund are
said to be in talks with the group for PE funding. Currently, Deepam Group has
under its umbrella 110-bed JSP Hospital, 40-bed Deepam Trauma and Surgical Centre,
45-bed Deepam Healthcare Centre, 60-bed KKI Hospital, 40-bed Deepam Critical
Care and super-speciality, 20-bed Deepam Pammal Centre and Deepam Kidney Stone
Centre-all in Chennai.
EH News Bureau
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