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DM Health to invest Rs 2250cr in Kerala

Source : BUSINESS_STANDARD
Last Updated: Mon, Jan 07, 2013 19:39 hrs

The group is investing Rs 500 crore for the Aster Medicity, Rs 250 crore for Wayanad Medical College and Hospital and Rs 100 crore for a 200-bed multispecialty hospital in Kannur

Dubai-based DM Healthcare, which has a network of 150 healthcare establishments in West Asia and India, has prepared an ambitious expansion plan of Rs 2,250 crore for Kerala in the next three years.

The first phase of Aster Medcity, a greenfield project coming up at Cheranallur in Kochi, will be commissioned by October 2013, said DM Healthcare chairman Azad Moopen.

Addressing mediapersons here on Monday, he said Medcity offered a general hospital of 540 beds and clinical support centres comprising nine centres of excellence. "Construction is on track and we hope to commission it in the second half of this year itself," he added.

The group is investing Rs 500 crore for the Aster Medicity, Rs 250 crore for Wayanad Medical College and Hospital and Rs 100 crore for a 200-bed multispecialty hospital in Kannur. Phase 2 of the Medcity and expansion plans of Malabar Institute of Medical Sciences will see another Rs 1,200 crore.

Built on 40 acres at Cheranallur, Medcity will cover a 3.2 million square feet built-up area. The hospital will offer 540 beds in Phase 1 and 500 beds in Phase 2. The project will also have a 500-seat medical convention centre, hotel and serviced apartments and a residential complex.




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