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

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

NEW DELHI: Narayana Hrudayalaya shares rose 4 per cent on Monday after the company said its subsidiary plans to come up with a new 50-bed facility in Cayman Islands, entailing an estimated investment of $100 million or around Rs 725 crore.

Health City Cayman Islands (HCCI), the step-down subsidiary of the company already running a hospital in the Cayman Islands, is expanding to a new location in the Camana Bay Development area of Grand Cayman, Narayana Hrudayalaya said in a regulatory filing.

Following the development, the stock rose 4.17 per cent to hit a high of Rs 477.80 on BSE.

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

The proposed new facility is planned to be executed on a three-acre plot of land, and the total construction and commissioning time is expected to be 24 months with the radiotherapy centre expected to be commissioned in 12 months, the healthcare service provider said.

The facility will be offering a comprehensive range of tertiary, critical care and daycare services with a focus on cancer care, Narayana Hrudayalaya said.

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

The facility would also cater to multi-specialty requirements including robotic surgery, obstetrics and gynecology with a neonatal intensive care unit, emergency/critical care with a range of tertiary surgical specialties.

The proposed hospital is expected to have 50 operating beds, Narayana Hrudayalaya said.

HCCI currently operates an existing 110-bed facility situated at East End, Grand Cayman, Cayman Islands, covering orthopaedics, cardiac sciences, neurosciences, gastro sciences, internal medicine, pulmonology, medical oncology and urology.

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