Monday, September 24, 2007

Bluewater plans healthcare foray; to invest Rs 500 cr - Healthcare - Healthcare / Biotech - News By Industry - News - The Economic Times

Bluewater plans healthcare foray; to invest Rs 500 cr - Healthcare - Healthcare / Biotech -: " UK-based private equity firm Bluewater International Investment Ltd plans to invest Rs 500 crore in India to tap the lucrative healthcare sector by setting up a multi-speciality hospital with a medical training centre. The company, which has already lined up multi-million dollar investments in India's real estate space, is also contemplating tie-ups with various foreign and domestic varsities for accreditation of its proposed medical training centre. 'Indian healthcare sector has seen an exponential growth in the past couple of years and a lot of PE funds are eyeing the sector for their investments. Instead of investing in a running firm, we are planning to foray into the sector on our own with a planned expenditure of Rs 500 crore,' Bluewater Investments Chairman and Managing Director Ved Goswami said."

Medical tourism is a major growth area - and custom built hospitals are a clever way of attracting international patients.

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