DM Healthcare to invest $389m in Kerala projects

Group to develop multi-speciality hospital in Kochi as part of plans

The healthcare group is developing an array of healthcare facilities in various locations in the state
The healthcare group is developing an array of healthcare facilities in various locations in the state

The UAE-based DM Healthcare has announced an investment of over $389m (INR 21.5bn) in the south-west Indian state of Kerala.

The healthcare group is developing a range of healthcare facilities in various locations in the state that would serve millions of people, with most of the projects expected to be operational in the next five years.

Dr Azad Moopen, chairman, DM Healthcare, said, “Kerala poses as a highly priority destination for our investment in India in view of the demand for advanced healthcare facilities in Kerala and our already existing and pipelined projects in the state.

“Kochi is very well connected to the world by air, road, rail and sea. A proactive government, a vast healthcare human resource pool, and a beautiful natural environment further stimulate the growth of Kerala’s economy.

“We see this as an opportunity to develop the Aster Medcity that will not only support the medical requirements of the state and country, but also provide venue for medical tourism to the country from abroad,” he added.

Aster Medcity, billed as a world class hi-tech healthcare destination in over 40 acres of land integrating nature with healing, is being developed by the DM Healthcare group in Kochi.

The facility is designed to be a conglomeration of several specialty hospitals in one campus.

The first phase, which is being developed at a project outlay of $90.5m (INR 5bn), includes a 550 bed Core Hospital with nine Centres of Excellence (COEs) in various specialties including cardiology, orthopedics, oncology.

Aster Medcity’s first phase is on track for commissioning during the second half of 2013.

Dr. Moopen also said that the group is very conscious about the sensitivities involved regarding land grabs, environment and job opportunities.

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