Narayana Hrudayalaya arm plans new facility in Cayman Islands; shares rise


NEW DELHI: Narayana Hrudayalaya shares rose 4 per cent on Monday after the corporate mentioned its subsidiary plans to provide you with a new 50-bed facility in Cayman Islands, entailing an estimated funding of $100 million or round Rs 725 crore.

Health City Cayman Islands (HCCI), the step-down subsidiary of the corporate already operating a hospital in the Cayman Islands, is increasing to a new location in the Camana Bay Development space of Grand Cayman, Narayana Hrudayalaya mentioned in a regulatory submitting.

Following the event, the inventory rose 4.17 per cent to hit a excessive of Rs 477.80 on BSE.

The Camana Bay Development space of Grand Cayman is the biggest of the three islands which constitutes the self-governing territory of Cayman Islands, it added.

The proposed new facility is deliberate to be executed on a three-acre plot of land, and the whole development and commissioning time is predicted to be 24 months with the radiotherapy centre anticipated to be commissioned in 12 months, the healthcare service supplier mentioned.

The facility will likely be providing a complete vary of tertiary, vital care and daycare providers with a deal with most cancers care, Narayana Hrudayalaya mentioned.

Specific departments would come with medical oncology, surgical oncology and radiotherapy, it added.

The facility would additionally cater to multi-specialty necessities together with robotic surgical procedure, obstetrics and gynecology with a neonatal intensive care unit, emergency/vital care with a variety of tertiary surgical specialties.

The proposed hospital is predicted to have 50 working beds, Narayana Hrudayalaya mentioned.

HCCI at the moment operates an present 110-bed facility located at East End, Grand Cayman, Cayman Islands, overlaying orthopaedics, cardiac sciences, neurosciences, gastro sciences, inside medication, pulmonology, medical oncology and urology.

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