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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

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