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Narayana Health opens hospital in Cayman Islands

The Hindu Business Line:  February, 2014

Bangalore: The hospital founded by Devi Shetty, which was a pioneer in low-cost hospitals, has opened a multi-care hospital in Cayman Islands, which will be a 104-bed hospital providing open-heart and bypass surgery, angioplasty, heart-valve replacement, paediatrics and orthopaedics, including joint replacements, according to a company statement. This hospital will be spread across 107,000 square feet in the Caribbean region, which has a population of approximately 40 million and located close to Jamaica, which is a 90-minute flight from Miami in Florida.

With the setting up of this hospital, for the first time an Indian hospital chain has ventured outside the country and as per company plans, the project aims to have 2,000 beds. The project was jointly done by Narayana Health and Ascension Health Alliance, a large private non-profit healthcare network in the US, according to company officials.

This is a $2 billion project that will be built in phases over 15 years on a 200-acre site and apart from a tertiary-care hospital. It will include an educational facility, biotech park and a home for aged people.

Ashutosh Raghuvanshi, Vice-Chairman, MD & Group CEO, Narayana Health, said: “The Cayman Islands has a safe and stable economy and is geographically positioned to serve the Caribbean and the Americas.”

Company officials added that the project would employ around 140 personnel, including physicians, paramedical professionals, registered nurses, support and administrative staff. The majority of the clinical staff is from Naryana Health, with doctors trained and worked in the UK or the US, company officials said.