Jaypee Group plans Rs.2,000 crore investment in hospitals

Noida, May 21 : Infrastructure and real estate player Jaypee Group plans to invest Rs.2,000 crore in the next three to five years in healthcare ventures in Uttar Pradesh, Vikram Singh, chief executive officer of Jaypee Hospital, said.

“We are planning Rs.2,000 crore investment in the next three to five years. With this investment we plan to add around 4,000-5,000 beds. These hospitals will come up in various places,” Singh told IANS in an interview.

The investment will be done in a mix of one-third debt and two-third equity, he said.

These hospitals will be located in places like Agra, Sahibabad, Bulandshahr in Uttar Pradesh, Rekha Dixit, director, Jaypee Healthcare and also daughter of founder chairman of the group Jai Prakash Gaur, told IANS.

The company is also planning a hospital in Kanpur, Singh confirmed.

Jaypee forayed into the healthcare sector with its multi-super specialty hospital in Noida with 525 beds in the first phase. The hospital will be fully operational by June first week, Dixit said.

The hospital will have 150 critical care beds spread across medical and surgical intensive care units. “In this hospital our focus will be cancer care, cardiac programmes, solid organ transplant, end-to-end mother and child care solutions and critical care units,” Singh said.

Of the total 25 acres in the present hospital campus, 18 acres had been used so far. Construction for the second phase with 1,200 beds capacity will take place in the remaining land, Dixit said.

The hospital started with the outpatient department (OPD) and executive health check up in the present campus a month ago. “We have done public participative programme in the vicinity of the hospital. We are expecting patients from South Delhi, Noida, Greater Noida, East Delhi, Ghaziabad and western Uttar Pradesh,” Singh said.

He is hopeful that by the end of this fiscal (2014-15) the hospital will witness 50 percent occupancy. Asked about the affordability, Singh said: “We have done the pricing competitively with respect to the local market.” In the first year of operation he expects 400-500 OPD patients every day.

“We have spent around Rs.600 crore for the current hospital and it took around five years to come up,” Dixit said. Almost all the equipment in the hospital were imported from Europe and the US.

So far, the hospital has 70 doctors and their number will go up to 200 by mid-August. Initially it will have a manpower of 500.

This hospital is also aimed at providing support to the integrated township that the company is building here.