Fortis Healthcare Ltd, one of the leading Private Healthcare Delivery company in India belonging to Ranbaxy Laboratories, is setting up new Super Speciality Hospital at Jaipur, Rajasthan. The company is investing Rs 110 crore in the first phase, which will be operational by March 2007. The hospital will have capacity for up to 150 beds in the first phase.

Fortis, a wholly owned subsidiary of Escorts Heart and Super Speciality Hospital Ltd (EHSSHL); is also planning to invest around Rs 600 crore for its two upcoming projects at Shalimar Bagh and Gurgoan.

The company source told Pharmabiz, that the Hospital in Jaipur would have specialization in cardiac care, orthopaedics, neurosciences, renal care and gastroenterology. EHSSHL has own planned hospital at Jaipur and operated under the Escorts Hospital brand. The hospital site and plans were part of the Escorts acquisition and the planning/construction of the hospital had already commenced at the time of the Escorts acquisition".

The company is in the process, of conducting NABH assessor courses for its employees. The hospital is also applying to the NABH for all their Hospitals.

The hospital at Shalimar Bagh, Northwest Delhi will have 258 beds in the first phase, which is expected to be complete by March 2008. We estimate that the capital expenditures for the first phase of the hospital will be approximately Rs 200 crore. "We have already entered into a perpetual lease of the land for the hospital from the Delhi Development Authority (DDA) and have paid a premium of Rs 13.02 crore to the DDA in connection therewith", company sources told to Pharmabiz.

Its super-specialty hospital in Gurgaon, in the NCR will focus on trauma, oncology, mother and childcare, cardiac care, orthopaedics, organ transplants and neuro-sciences. The hospital will have 350 beds in the first phase, which is expected to be complete during the first half of fiscal 2010.

"We estimate that the capital expenditures for the first phase of the hospital will be approximately Rs.350 crore. We are planning to expand and increase the capacity to 800 beds with additional capital expenditure. We have entered into an agreement to acquire approximately 10.81 acres of land for the planned hospital at a cost of Rs 18.58 crore, of which we have already paid Rs 11.09 crore," he added.

The company is also planning Fortis International Institute of Medical and Bio Sciences, a "Medicity" in Gurgaon with a medical college, dental college, nursing college and other educational programs. The Medicity will be owned by a non-profit affiliate of FHL and will not be owned by the company.

In just a short span of time inception, Fortis have grown their network to 12 hospitals with approximately 1,580 inpatients bed (with the capacity to increase to approximately 1,890 beds) and 16 satellite and heart command centre. The hospital includes centres of excellence providing tertiary and quaternary healthcare in the key speciality areas like Cardiac care Orthopaedics, Neuroscience, Renal Care, Pulmonlogy and Thoracic Surgery, Diabetic care etc. Fortis IT infrastructure has been recognised as among the best in the healthcare delivery industry.

The company has also managed Fortis La Femme, a "boutique" style hospital that focuses on women's health and maternity care. Fortis has acquired escort hospital in 2005. Which has performed over 5,00 open heart surgeries, 5,000 angioplasties and 15,000 angiographies during the current fiscal. Fortis have fastest growing healthcare company in India, for the last 5 years, with the 124 per cent CAGR.

"We have entered into a memorandum of understanding (MoU) in July 2006, for the operation and management of an existing hospital in the state of Maharashtra and for the construction of another hospital which would have specialised services adjoining the existing hospital, he added. The MoU provides, a business plan for upgrading and developing the hospital, and enter into definitive agreements, including an exclusive O and M contract and a guarantee for the purpose of financing the project. The company has also proven ability to develop Greenfield projects with efficiency and speed.