Spice plans healthcare foray, to set up R400-crore hospital

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SummaryTelecom-to-entertainment group Spice Global on Tuesday announced foray into healthcare by setting up the Saket City Hospital, with an investment of Rs 400 crore in New Delhi.

Telecom-to-entertainment group Spice Global on Tuesday announced foray into healthcare by setting up the Saket City Hospital, with an investment of Rs 400 crore in New Delhi.

The hospital, is a refurbished and rebranded GM Modi Hospital, which was in existence for last 40 years in Delhi. “The hospital has now come under the management of Spice Global, said the group’s founder and chairman B K Modi.

“The first phase which will be completed by June has an investment of R400 to set up the facility with 230 beds,” he added.

In second phase, the group plans to invest around R1,000 crore to increase the size of the hospital to 1,000 beds by 2016.

Modi added the group also has land in Punjab and Mumbai, but a decision to build hospitals at those locations will be taken after the Saket City Hospital is inaugurated in June 2013 and the brand gain traction.

The chairman of the group added that healthcare would be the key focus of the group from 2013 onwards. “We have also launched a mobile healthcare division in Singapore in association with Qualcomm,” said Modi.

However, he did not elaborate on the services that will be offered as part of mobile healthcare in India.

“Once the model becomes successful it can be introduced in India,” said Modi. “But a lot of infrastructural change needs to happen in terms of internet speeds and connectivity.”

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