Narayana Hrudayalaya (NH) is planning to invest in a healthcare project in the Cayman Islands.
NH along with its US based Ascension Health will invest $60 million (approx Rs 342 crore). Of the total investment, $30 million (approx Rs 171 crore) will come as debt and the rest will be come as equity, with it being split equally by the JV partners. The two partners are setting up a 110-bed hospital spread over 10 acre. Ascension Health Alliance will provide facilities planning, supply chain management and biomedical engineering services to the project, while NH will provide technical input and direction to the Cayman team. The multi-specialty hospital will provide services not widely available in the region such as open-heartbypass surgery, angioplasty, heart-valve replacement, cancer treatment, bone-marrow transplant, nuclear medicine, organ transplant and orthopaedics.
In the Phase II, plans are being firmed up to add 500 more beds and the unit will have assisted living for visitors. Once complete, the hospital will house as many as 2,000 beds.