Fortis Healthcare, JV partner to invest up to Rs 1.5 bln to build robotic surgery centers

New Delhi: Fortis Healthcare (India) Ltd and its joint venture (JV) partner International Centre for Robotic Surgery (ICRS) will pour in up to Rs 1.5 billion to establish around ten robotic surgery centers across the country over the next two years, Aditya Vij, chief executive officer of Fortis Healthcare, told Press Trust of India Wednesday.

"The centers will be set up at an investment between Rs 100 crore to Rs 150 crore (Rs 1-1.5 billion). This would entail both the training cost and the cost of hardware," Vij said.

Both the partners have 50:50 stake in the joint venture, namely Fortis ICRS, which Wednesday inaugurated a robotic surgery center at Fortis Escort Heart Institute in New Delhi.

The centers will be built across Fortis Hospitals in Kolkata, Chennai, Mumbai, Gurgaon and Bangalore and in Tier II cities, including Mohali and Jaipur, he added.

Fortis ICRS centres will provide robotic surgeries in cardiac, thoracic, urology, gynecology, general, head and neck and orthopedics.

Fortis Healthcare said Tuesday that it had agreed to acquire its Singapore-based sister firm Fortis Healthcare International Pte from RHC Financial Services (Mauritius) Ltd for $665 million.

After the consolidation, the combined network will have more than 74 hospitals, with over 12,000 beds, 580 primary care centers, 188 day care specialty centers, 190 diagnostic centers and a base of over 23,000 employees.

Fortis Healthcare operates 66 hospitals and 190 diagnostic labs across India.

Fortis Healthcare's shares closed at Rs 130.10, up 0.89%, on the Bombay Stock Exchange today.

Copyright Contify.com

Quiz: How well do you know India's economy?

Question 1

Which of these products is India the world's largest producer of?

Poll Choice Options
  • Wheat
  • Rice
  • Milk
1
2
3
4
5
6
7
8
9
10

Latest News

  • Foreign flows, earnings loom over shares

    Reuters Market Eye - Foreign flows and January-March earnings will continue to set direction for markets, as India's five-week long election continues, including voting in Mumbai scheduled for April 24. ... …

  • Piramal buys 20 percent stake in Shriram Capital

    Mumbai, April 17 (IANS) Ajay Piramal-led Piramal Enterprises Thursday said it has agreed to buy 20 percent equity stake in Shriram Capital, the financial services arm of the Chennai-based Shriram Group, ... …

  • Bonds rally; RBI raises $3.3 billion in record auction
    Bonds rally; RBI raises $3.3 billion in record auction

    Government bonds jumped on Thursday, recovering from two sessions of falls, after the RBI fully sold the 200 billion rupees ($3.31 billion) worth of debt on offer, accomplishing the country's biggest-ever auction. Concerns about how India would accomplish the debt sale had hit bonds this week, while holidays on Monday and Friday left only three trading sessions. These two factors will likely remain key in the markets as the Reserve Bank of India will not set policy until early June. …

  • 'Four-year undergrad programmes need of the hour'

    New Delhi, April 17 (IANS) Ashoka University, a philanthropic higher-education initiative of a group of entrepreneurs and business leaders, is set to open its doors in August with four-year undergraduate programmes in the liberal arts. Similar term courses in Delhi University have led to widespread resentment and criticism. According to founders of the new institution, the undergraduate programmes of Ashoka University are broadly based on the US liberal education system and would be of the …

  • Sensex gains nearly 1.5 pct; banks, IT stocks lead
    Sensex gains nearly 1.5 pct; banks, IT stocks lead

    Reuters Market Eye - The BSE Sensex gains 1.4 percent and the broader Nifty is up 1.36 percent, snapping a three-day losing streak. Banking stocks gained on value-buying. State Bank of India gained 2.51 ... …

IN-DEPTH ANALYSIS & INTERVIEWS

  • This might well be India’s biggest Ponzi scam

    It was just too good to be true. Ashok Khital, 45, displays every symptom of a man who knows he's been conned. …

  • India's star studded football league

    High and mighty including Sachin, Salman & Sun Group buy ISL teams …

  • Leaderspeak with Rajesh Janey

    Rajesh Janey, President - India & SAARC, EMC shares many firsts in his life. …

  • Power Hungry

    Gujarat has power round-the-clock. Most other states do not. Why this will matter in the general elections. …

  • Etcetera

    The most keenly watched contest of the current general election will be the one for the Varanasi parliamentary seat, where the Bharatiya Janata Party's prime ministerial hopeful Narendra Modi squares off ... …

  • Economy vs Democracy

    As the country gets election fever, cash comes out of mattresses and turns into liquor, gifts, and food. But it is not bad for the health of the economy, reports Sarika Malhotra from the trenches. …

  • Bracing for Challenges

    Raghuram Rajan is preparing to deal with concerns that may arise when a new government takes charge. …

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    16.59+0.95+6.07%
    UNITECH.BO
    73.80+3.00+4.24%
    HDIL.BO
    13.35+0.24+1.83%
    SUZLON.BO
    730.00+4.75+0.65%
    HDFCBANKSL.BO
    106.95-2.70-2.46%
    FRL.BO
  • Price % Gainers
    Price % Gainers
    NamePriceChange% Chg
    12.60+2.10+20.00%
    AGRIMONY.BO
    242.50+40.40+19.99%
    ACRYSIL.BO
    83.50+13.90+19.97%
    SICAL.BO
    46.00+7.65+19.95%
    SHRGLTR.BO
    65.25+10.85+19.94%
    AHLUCONT.BO
  • Price % Losers
    Price % Losers
    NamePriceChange% Chg
    -10.61-100.00%
    DHAMPURE.BO
    -22.00-100.00%
    EMAINDIA.BO
    -13.20-100.00%
    FEINDIALTD.BO
    -26.95-100.00%
    GMETCOAL.BO
    -10.89-100.00%
    GODAVARI.BO
  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.