Wockhardt lines up three
Wockhardt Hospitals, a unit
of the Wockhardt group, is all set to emerge as a national player in the
healthcare sector. The company has lined up a couple of projects, which will
happen this year and which will help it build its presence across the four
geographical regions in the country. Wockhardt Hospitals vice president
(operations) Vishal Bali told ET that Wockhardt will start setting up a new
hospital in New Delhi and will also build a second hospital in Kolkata.
"We have acquired land
in Pitampura and plan to set up a 225-bed hospital in the Capital with an
investment of about Rs 100 crore," he said.
The hospital is expected to
be commissioned by the end of year 2005 and mark the company's foray in the
northern region, which is now dominated by healthcare players such as Max,
Fortis, Apollo and Escorts.
Wockhardt Hospitals has also
acquired land in Kolkata where it will build a multi-specialty hospital.
"The existing facility is operating at almost 95% capacity utilisation,"
Mr. Bali Said. The existing hospital in Kolkata offers services in urology and
nephrology. Last year, Wockhardt committed Rs 500 crore towards five more
hospital complexes in the next three years. The five new projects include one in
Bangalore and Kolkata and two in Mumbai. In addition to the two greenfield
projects, Wockhardt will commission its second hospital in Bangalore next year.
Unlike the first hospital, which focuses on cardiology, this hospital will offer
services in multiple specialties cardiac, orthopaedic, neuerology.
In the coming year, Wockhardt
Hospitals may also explore acquisition opportunities. "There is a lot of
potential in the smaller towns and metros," Mr. Bali said.
Earlier this year, Wockhardt
made its first healthcare acquisition in Nagpur, where it has launched the
Wockhardt Heart Hospital. The acquired hospital was set up in 1998. The 50-bed
hospital will offer all cardiac care procedures and is expected to cater to
(Ref : Economic Times
Dated December 14, 2004)
Nicholas Piramal to
rebrand diagnostic labs
Nicholas Piramal's healthcare
plans are gaining momentum. The company's diagnostic laboratories business will
now foray into smaller metros and semi-urban areas. The company is also planning
to rebrand the path labs business. "We will create a mother brand
'Wellspring,' which will be used for all the path labs," Dr. Swati Piramal,
director for strategic alliances at Nicholas Piramal, told ET.
The company has a hospital
called Wellspring in central Mumbai. According to Dr. Piramal, the company would
now extend the brand to path labs as well.
The turnover of the
diagnostic labs business is currently around Rs 35 crore. Through the
initiatives that the company has in the pipeline, Nicholas Piramal expects
revenues to double in the next 2 years.
For most of the labs,
Nicholas Piramal plans to have a franchising agreement with pathologists who
already have laboratory facilities. "Working with an established
pathologist gives us the advantage of having some equity with the local
population," Dr. Piramal said.
However, the company may se
up its own facilities in some cities. So far, Nicholas Piramal has about 10
franchised labs. It hopes to increase the number to about 30 in the next two
years. "We will be increasing franchisees in Rajasthan, Orissa, Maharashtra
and West Bengal," Dr. Piramal said.
Nicholas Piramal forayed into
this field in '99 when it tied up with S Roy who has a diagnostic laboratory at
Kolkata. In Mumbai, Nicholas Piramal has a joint venture with Mumbai based Dr.
Phadke's Pathology Laboratory and Infertility Centre since September 2000.
The venture has started its
third diagnostic laboratory at Andheri in suburban Mumbai. More recently, it got
into a strategic alliance with Ajit Golwilkar in Pune.
"The unique feature of
our labs is that each of them is headed by a full-time pathologist, as against
the conventional practice of having a technician man these centres," Dr.
While the local partners will
bring in goodwill and expertise, Nicholas Piramal will bring in the equity, the
standardisation and the information technology, she added.
(Ref : Economic Times
Dated December 11, 2004)