Sep 12: NH Health Bangladesh Pvt Ltd, a step-down subsidiary of Bengaluru-based multi- specialty hospitals chain Narayana Hrudayalaya Ltd (NH), has entered into definitive agreements to partner with Imperial Hospital Ltd in Chittagong, Bangladesh to operate and manage their cardiac sciences department.
“This 350-capacity bedded hospital is expected to be commissioned within the next six months. Chittagong region faces an acute shortage of tertiary healthcare infrastructure with ~7,900 people per bed as per the WHO report. Backed by Prof Dr. Rabiul Husain, one of the most legendary medical practitioners in Bangladesh, the hospital is envisioned to be a premium healthcare facility in the region,” Narayana Hrudayalaya said in a statement on Wednesday.
“Improving upon NH’s distinguished Asset-Right framework, this association would not entail any upfront capital outlay from NH while ensuring a reduced time-to-market. This Heart Centre (P&L responsibility lies with NH) is a strategic fit for NH and will act as an extension of the Eastern cluster and will benefit from operational synergies emerging out of the region,” it added.
Commenting on the announcement, Dr. Ashutosh Raghuvanshi, Vice Chairman, Managing Director and Group CEO, Narayana Hrudayalaya Ltd, said, “we are very excited about venturing into Bangladesh healthcare market through our flagship specialty, cardiac sciences. We witness a strong patients’ footfall across the network from Bangladesh signifying a strong brand recall NH enjoys in the region.
This engagement goes a step further without any capital outlay from NH emphasizing our focus on fiscal prudence while helping us forge strong partnerships with reputed organizations such as Imperial Hospital”.