Home / Business / Radiant Life, Hinduja Group, IHH Healthcare in the Race of Jaslok Hospital: Report

Radiant Life, Hinduja Group, IHH Healthcare in the Race of Jaslok Hospital: Report



KKR backed Radiant Life Care is in talks with the managers of Jaslok Hospital to take over their business and management, reports Mint.

"Radiant leader speaks for an operation and management alliance with Jaslok Hospital in line with the existing arrangement with Delhis BLK Super Specialty Hospital and Mumbai's Nanavati Hospital," told a source for the paper.

The Japanese-based Jaslok hospital is said to be the oldest hospital in tertiary care in the country. The establishment in 1973 has 364 beds, including 75 beds in intensive care units.

According to the report, the Hinduja Group and Malaysia's IHH Healthcare are also able to acquire Jaslo's operations and management.

"The conversation progresses well, although there are other parliamentarians like the Hinduja Group and Malaysian IHH Healthcare, said a source to the paper and added that the managers are keen to get a professional operator to run the hospital.

Moneycontrol could not independently verify the report.

Radiant had previously made a failed bid on Fortis Healthcare.

The KKR-backed company, which develops, manages and operates healthcare facilities, already has an operations and management association with BLK Super Specialty Hospital and Bombay Dr. Balabhai Nanavati Hospital.

KKR has acquired 49 percent of Radiant's shares for $ 200 million in 201

7. Radiant, established in 2000, is transferred to the healthcare sector with the refurbishment of New Delhi's BLK Super Specialty Hospital for Rs 350 crore. It has also collaborated with B & B Hospital in Nepal to help set up surgical and medical oncology pathways m, tells the report.

Radiant, linked to Nanavati Hospital 2014 in a profit sharing, is responsible for developing Nanavati Hospital

"This topic is in the realm of speculation," said Abhay Soi, Chairman and CEO of Radiant.

IHH recently acquired a 31 percent stake in Fortis Healthcare and infused Rs 4000 crore in the company. The Malaysian-based unit, which operates nine hospitals in the country, has been looking to expand its operations in India.

For six months ending June 30, India's Healthcare Services 23 saw 23 private equity and venture capital agreements worth $ 679 million against 20 deals worth $ 402 million for the corresponding period a year ago, according to an EY- report.

These agreements include an investment of $ 200 million by True North in the Kerala Institute of Medical Sciences (KIMS) and an investment of $ 50 million in Asia Healthcare Holdings by Singapore's state-owned investor Temasek-owned Sheares Healthcare.


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