Jaslok Hospital to invest Rs 300 cr to expand facilities

City-based charitable institution Jaslok Hospitals said Monday its board has decided to expand facilities by investing Rs 300 crore over five-six years.

The institution has decided to embark on expansion on its own even as it received high interest from potential suitors. Six bidders, including international chains, had reportedly evinced interest at taking over operations of the hospital located in the tony Peddar Road area.

The board of the trust running the hospital met Monday and decided to embark on an expansion drive, which will entail adding 50,000 sq ft of space and invest Rs 300 crore for it over 5-6 years, its chief executive Jitendra Haryan told PTI.

The funds will be raised from internal accruals and by raising debt, the spokesperson added.

"350-bedded Jaslok Hospital concludes today, that handling of operations and management control will remain with the hospital and rests all speculations about taking over of daily operations," an official statement said.

The expansion ..