Medanta and DLF to develop a 400 bed multi-specialty hospital in Delhi

Global Health Limited (NSE: MEDANTA, BSE: 543654), India's leading private multi-specialty tertiary care provider and DLF Group (DLF), India’s leading real estate developer have entered into an understanding for forming a company to launch a ~400-bed multi-super specialty hospital to provide the highest quality of healthcare in the heart of Delhi in Greater Kailash -I. Both Medanta and DLF will own 50-50 equity in the new company. DLF will be a strategic investor and Medanta will run the hospital and have operational control.

The super speciality hospital is slated to provide cutting-edge 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.

This new facility will strengthen Medanta’s presence in the National Capital Region of Delhi. Medanta will operate its Gurugram, Noida and Delhi facilities in a seamless manner linking its existing 1,391 bed flagship hospital in Gurugram and its upcoming Noida facility (550 beds) to the new hospital in South Delhi.

Commenting on the partnership, Dr. Naresh Trehan, Chairman and Managing Director of Global Health Limited, said: "Our new hospital will bring the best of Medanta's renowned clinical expertise and patient care closer to the people of Delhi. It 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. 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.

Mr. Rajiv Singh, Chairman of DLF Ltd said: “We are excited to participate in setting up a world class hospital in South Delhi at a location which is closely associated with the origins of our company. 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.