DLF, Medanta form SPV to develop hospital in south Delhi

Realty developer DLF has entered in a partnership with Global Health Ltd that runs Medanta hospital to set up a 400-bed multi-speciality hospital in Delhi.

According to the regulatory filing, the Special Purpose Vehicle has been formed to construct, equip and operate super specialty hospitals, clinics and health care centres with other related ancillary medical facilities and services with 50:50 equity shareholding of the GHL and DLF.

This will be DLF’s entry in the healthcare segment and the first hospital will come in South Delhi’s Greater Kailash.

“The new hospital will strengthen the medical infrastructure in Delhi and further strengthen DLF’s deep commitment to improving the quality of life for NCR residents,” Rajiv Singh, Chairman of DLF Ltd said.

DLF will be a strategic investor and Medanta will run the hospital and have operational control.

The super speciality hospital is expected to provide medical and surgical interventions in over 20 super specialties, including cardiac sciences, neurosciences, orthopaedics, kidney, liver, lung and heart transplants, gastroenterology and chest surgery. The facility will also have a comprehensive cancer care unit, offering end-to-end oncology treatments under one roof.

Medanta will operate its Gurugram, Noida and Delhi facilities, linking its existing 1,391 bed hospital in Gurugram and its upcoming Noida facility (550 beds) to the new hospital in South Delhi.

"Our new hospital will offer cutting-edge surgical treatments across specialties under one roof with the same patient quality safety standards that Medanta has come to be known for,” said Dr. Naresh Trehan, Chairman and Managing Director of Global Health Limited.

“It will also become a one-stop solution for all types of cancer treatments and will benefit a large swathe of patients not only in Delhi but across Uttar Pradesh, Haryana, Rajasthan and other neighbouring states,” Trehan said.

Global Health Ltd has a network of five hospitals currently in operation (Gurugram, Indore, Ranchi, Lucknow, and Patna) covering an area of 4.7 million sq. ft.

DLF has developed more than 158 real estate projects and developed an area in excess of 340 million square feet. DLF Group has 215 msf (approximately) of development potential across residential and commercial segment. The group has an annuity portfolio of over 42 msf (approximately ).