VPS Healthcare to invest Rs 1000 cr in Indian healthcare, acquire majority stake in Lakeshore hospital
UAE-based healthcare conglomerate VPS Healthcare on Monday announced it will enter India by acquiring majority stake in Kochi-based Lakeshore Hospital to set global benchmarks in healthcare delivery.
Lakeshore Hospital here will now be known as VPS Lakeshore.
VPS Healthcare has set aside Rs.1,000 crore for its expansion plans in India.
Announcing this, VPS Healthcare managing director Shamsheer Vayalil said the acquisition is part of the ambitious expansion plans VPS has chalked out for the subcontinent in the next five years.
“With the acquisition, VPS Lakeshore has become a part of our global healthcare mission and the new Rs 300 crore block would be open soon,” said Vayalil.
Lakeshore Hospital is a 350 bed, more than 30 specialties, center of excellence for multi organ transplant services.
Lakeshore Hospital is already one of the largest super specialty hospitals in South India with state-of-the-art facilities and increasing number of successful procedures.
The new block will house advanced and efficient treatment facilities for cancer, cardiac and gastro-related diseases under one roof.
VPS is the largest private internationally accredited hospital network in the UAE.
In a span of less than a decade, with a combined business turnover of around $1 billion, VPS Healthcare has created a portfolio of 16 hospitals and network of over 100 medical centres in addition to ventures in pharmaceutical manufacturing and retail.
Lakeshore Hospital is a super specialty hospital and leader in health tourism.