Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Nov 10, 2014

Wockhardt to Add 2 More Hospitals by 2017

New Delhi: Mumbai-based Wockhardt plans to open two more hospitals in the country by 2017, taking its total tally to 11.

"We will be adding two hospitals -- one at Mumbai and another in Delhi. While the North Mumbai Hospital will be added in a couple of months, the Delhi hospital will be opened by 2017," Wockhardt Group chairman Habil Khorakiwala told PTI.

The company will be investing Rs 350 crore to open the Delhi Hospital, which will have a 350-bed multi speciality care facilities.

When asked about the funding for the hospital, Mr Khorakiwala said: "It would be through internal accruals."

On the North Mumbai hospital, Mr Khorakiwala said the company would manage it for next 30 years.

"Though both the hospitals would be multi speciality hospitals, focus would be on cardiac and critical care. There would be also adequate focus on brain, spine and joints care," Mr Khorakiwala added.

Speaking about the company's ongoing regulatory issues with the US Food and Drug Administration (USFDA), Mr Khorakiwala said: "We are working on that and hope to resolve the issues shortly."

The company has been facing regulatory issues with the USFDA, over non-compliance of manufacturing norms.

Wockhardt currently operates nine hospitals at various locations including Mumbai, Rajkot, Nagpur, Nasik, Goa and Surat.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search