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Spice Global enters HealthCare segment with Rs 400 Cr investment!

LtoR Dr Parvez Ahmed, Shri Yogendra Shastri, Shri Tejinder Khanna, Shri D R Mehta, Shri Ramesh Kumar, Dr B.K ModiDr. B K Modi led Spice Global, a diversified conglomerate with interests in Mobility, Finance and Entertainment, announced today the expansion of its business portfolio with its foray into the Healthcare segment. The Group has launched the multi-super speciality Saket City Hospital, with an initial investment of Rs 400 crore.  The first phase of the Hospital was inaugurated by Hon’ble Lieutenant Governor of Delhi, Mr Tejendra Khanna today.


This premium healthcare centre, driven by its credo of ‘You First’, aims to be a centre of health and care that will combine breakthrough technologies with sensitized patient care.  It will have best in class infrastructure coupled with most advanced techniques and facilities. The first phase of construction has been completed, while the second phase, which will have 230 beds in the facility, shall be completed by June 2013. The hospital will have 1000 bed capacity by the end of its third and final phase, expected by mid-2016.


The management of Saket City Hospital will be led by eminent medical practitioners and administrators, under the guidance of a Board, comprising domain experts and independent Directors. Renowned healthcare expert, Dr. Pervez Ahmed is the Chairman, Medical and Service Excellence Committee, Saket City Hospital Board.


Expressing his views on this development, Dr. B.K Modi, Founder and Chairman, Spice Global, said, “As India continues to advance and raise its benchmark of development, the need for a modern, fast reacting and sensitive healthcare ecosystem is most immediate.  As a global citizen, I find it both fulfilling and exciting to enter the healthcare segment with Saket City Hospital. We are bringing aboard the best talent backed by state of the art facilities, infrastructure and services. We are confident of redefining the concept of healthcare in India through technological innovation and sensitive patient care.  Healthcare will be our key focus in 2013.”


Dr. Pervez Ahmed, Chairman, Medical and Service Excellence Committee, Saket City Hospital Board and Member of National Executive Committee of Red Cross, said, “It is my honour and privilege to be associated with Spice Global. I am sure that with its visionary approach, Spice Global will revolutionize the healthcare sector as well. Saket City Hospital will offer the best medical expertise and the highest quality of healthcare services.”


Speaking further, he said, “The facility is designed keeping in mind the growing demand for modern healthcare services.  The hospital offers super-specialties in cardiac sciences, neurosciences, gastroenterology and gastrointestinal surgery, obstetrics and gynaecology besides orthopaedics and joint replacement. As we expand our services in a phased manner, we will continue to raise our benchmark of patient experience. ”


The healthcare sector, currently estimated at Rs 3.75 lakh crores, is likely to double in volume over the next five years. According to the World Health Organisation, India’s healthcare system would require a large percentage of GDP spending if it aspires to become an economic superpower. The country invests only one per cent of GDP in primary healthcare centres and has an average of 0.6 doctors per 1,000 people against the global average of 1.23. Nearly 75 per cent of healthcare investments in recent years have come from private sector.

Tags : Spice Global HealthCare investmentsSpice Global Saket City Hospital