| Fortis Healthcare is setting up a Rs 1,000-crore comprehensive healthcare complex "" Fortis International Institute of Medical & BioSciences "" in Gurgaon, near Delhi. |
| To be modelled on the lines of cardiac surgeon Naresh Trehan's proposed 'Medicity', work on this project will start in a year. |
| "We are planning it as a very substantive medical centre that will form the brain centre of Fortis Healthcare. We have already acquired land in Gurgaon for this purpose," said Harpal Singh, chairman, Fortis Healthcare. |
| On the Medicity venture planned by Trehan, Singh said Fortis is in talks with the surgeon for a partnership. "We are willing to partner and collaborate with Medicity... but even if it were to be otherwise, Fortis is going to have such an institute," he said. |
| Fortis Institute will have two hospitals with four-five 'centres of excellence'. While there will be a strong oncology focus for sure, the other areas of excellence are being worked out. |
| "It is flexible because a lot depends on what are the other institutions in the Fortis family. In Escorts, we have a heart superspeciality institute... so that will go into factoring whether we want another centre of excellence in the Fortis institute. If we acquire a neurosciences facility in NCR, it may not make sense to have another centre of excellence in the same place," Singh said. |
| Fortis, which made the biggest acquisition of Indian healthcare when it took over Escorts Heart Institute & Research Centre for Rs 650 crore, still has appetite for more inorganic growth options. |
| "Fortis will have a national footprint, and we continue to look actively at acquisitions. We are looking at several big cities such as Mumbai, Chennai, Bangalore and even NCR," he said. |
| The healthcare major has already roped in McKinsey to prepare a blueprint for its business strategy for the future. Based on that the company will assess its fund requirements, method of raising the funds and its timing, Singh added. |
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