Times of India
08 April 2010
By Team Mangalorean Bangaloren
Bangalore, India

Super Speciality Hospital, Narayana Hrudayalaya, has signed an agreement with Government of Cayman Island to build a Health City at Grand Cayman.

Under the Joint Venture with Cayman Government, a multi–superspeciality hospital with 2,000 beds would be built in four phases on 100 acre of land, a release by Narayana Hrudayalaya said here today.

Phase one will have a 200–bed superspeciality hospital for Heart, Cancer, Ortho and Gastro Intestinal Surgeries. Cayman Government has recognized the qualifications of the Narayana Hrudayalaya Doctors to work as Senior Specialists in this hospital. Part of the Health City will have a large facility of assisted living for elderly Americans. The Government of Cayman had recognized Narayana Hrudayalaya to set up a world class Medical University to train Doctors, Nurses and Paramedical students from American, Canadian, South American and Caribbean region.

The project will be commissioned in two years. The main purpose of building a hospital in this region was the impact health reforms in the US would have on patients. “We believe that the waiting list for operations will force the insurance companies to send their patients to Cayman Island which is a first world country less than one hour from Miami.”

“We believe that these patients will find it very inconvenient to travel to India because of the distance,” said Dr Devi Shetty, Chief of Narayana Hrudayalaya. The agreement was signed by the Cayman Island Premier McKeeva Bush and Minister of Health J Mark Scotland and Dr Devi Shetty on April seven.

Health care market to touch 150 Billion dollar by 2014
The Health care market is expected to touch 150 Billion dollar by 2014 from the present 56 billion dollar in the world and to encash the opportunity Vasan Health Care Group is going for expansion in India and abroad, Group Chairman Dr A M Arun said today.

Talking to newsmen here, he said the Group which has a network of 60 Super Specialty eye care hospitals, was marching towards becoming the world’s largest eye care hospital network by 2011 with 100 hospitals in India and other parts of the world.

He said the eye care business was of half a billion dollar market and with a mission to provide world–class treatment and facilities at affordable rates to maximum number of patients at metros, Tier II and tier III cities, the expansion plan had been chalked out.

To a question, he said the Group was investing about 20 million dollars for expansion in abroad, including in UAE, Singapore, Malaysia, Thailand and African countries.

More than five million patients were treated for their eye problem in over 60 hospitals spread across Tamil Nadu, Andhra Pradesh, Karnataka and Kerala, he added.