Ambuja Realty Group and Elbit Medical Imaging Ltd Announce Strategic Tie-up for Multi-Specialty Hospital in Kolkata

Strategic Insights -

Ambuja Realty Group has entered into a strategic tie-up with Elbit Medical Imaging Ltd (EMI) of Israel to develop a Rs 10 billion (US$223.6 million) 1000-bed multi-specialty hospital in Kolkata. The hospital, to be set up on over 30 acres at Chakberia near the E M Bye-Pass in South 24-Parganas district, is part of the Neotia Elbit Healthciti, which will offer world-class healthcare services with a focus on cardiology, oncology, orthopaedics, neurology, and other specializations. The project will also include a Biotech Research Centre, alternative medicine centre, nursing training institute, and other support services.

Key Takeaways:

  • Ambuja Realty Group and Elbit Medical Imaging Ltd have partnered to develop a 1000-bed multi-specialty hospital in Kolkata, with a total investment of Rs 10 billion over five to seven years.
  • The hospital, to be set up as part of the Neotia Elbit Healthciti, will offer world-class healthcare services in cardiology, oncology, orthopaedics, neurology, nephrology, opthalmology, trauma care, neonatology, paediatric and gynaecology.
  • The project will include a Biotech Research Centre, serviced apartments for patient families, medical mall, alternative medicine centre, and nursing training institute.
  • Elbit Medical Imaging Ltd is a public company with shares traded on the NASDAQ Global Market and the Tel Aviv Stock Exchange, with a market capitalization exceeding US$800 million.
  • The hospital will be developed on over 30 acres at Chakberia near the E M Bye-Pass in South 24-Parganas district of West Bengal.

Statistics:

  • Investor: Ambuja Realty Group
  • Partner: Elbit Medical Imaging Ltd (EMI)
  • Project Cost: Rs 10 billion (US$223.6 million)
  • Hospital Capacity: 1000 beds
  • Total Built-up Area: 2.5 million square feet
  • Timeframe: Five to seven years
  • Market Capitalization of Elbit Medical Imaging Ltd: US$800 million (on the NASDAQ Global Market and the Tel Aviv Stock Exchange)

Sources:

  • Asia Pulse:
  • PTI: