New Launch25 Mar 2026, 03:53 pm
Global Health Ltd to Establish Medical College and Set Up 400-bed Hospital in Varanasi
AI Summary
Global Health Ltd, the parent company of Medanta, announced its plan to establish a medical college and set up a 400-bed multi-specialty hospital in Varanasi, Uttar Pradesh. The company will invest an estimated Rs. 550 crores for the hospital's construction and equipment. The hospital is expected to be completed within 4 years, subject to necessary approvals. This move aims to expand healthcare services and meet the growing demand for quality medical care in the region.
Key Highlights
- Global Health Ltd to establish a medical college through its wholly-owned subsidiary, Global Health Institute of Medical Sciences Foundation
- The company approved the execution of a definitive agreement with Shripal Hospitality LLP & Others for a build to suit development and lease agreement
- The hospital will be set up in Varanasi, Uttar Pradesh, adding approximately 400 beds to Global Health Limited's capacity
- The total project cost is approved at Rs. 322 Crores, to be funded through internal accruals or debts
- The hospital's construction is expected to be completed within 4 years, subject to necessary statutory and customary approvals