Columbia Asia Hospital management has decided to exit from operations and hand over the unit to Zydus Hospitals
The leading international hospital chain,Columbia Asia Hospital has decided to close its operations of Ahmedabad unit. Spread across 1 lakh square feet area, the Group’s world class Ahmedabad facility will be taken over by Zydus Hospitals.
Hospital management has decided to exit from operations and hand over the unit to Zydus Hospitals. This decision comes after much deliberation at the highest level, taking in the best interest of all relevant parties.
Dr Nanda Kumar Jairam, CEO said, “It was a difficult decision, but the Management of Columbia Asia has taken a decision to exit our Ahmedabad operations. We have had some great experiences and althovcsguuucater the community surroundings in Gujarat.”
Dr Jairam said,“We have gained much understanding and learning through our experience. We are taking our experience back to the boardroom and we will continuously strengthen our presence in India. We’d also like to emphasize that we are committed to further growth of our business in India. In fact, we had opened 206 bedded hospital in Bangalore last year which is achieving the fastest growth in the history of Columbia Asia. The plan for our new hospital development in Pune which will be the largest Columbia Asia Hospital in India is also progressing on schedule and we are in the midst of building the facility. It has been our core philosophy to extend quality and exceptional healthcare services to the community surroundings since inception, and we are passionate and committed to continue on our journey.” added Dr. Jairam.
Addition to the pipeline projects, expansion of the existing facilities of Columbia Asia is also planned to cater to the growing healthcare demand in the community.
Indium Capital Advisors advised Columbia Asia on this transaction.
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