Fortis Healthcare has signed a 29-year deal to provide healthcare services at a new 400+ bed super speciality hospital in Delhi’s Ashok Vihar.

The hospital will have more than 400 beds and will sit on around 3.1 acres of land. Under the deal, Fortis Hospotel gets exclusive rights to provide inpatient healthcare services there for a period of 29 years, with an option to extend the agreement later on mutually agreed terms.

Here’s an important detail for those wondering who actually owns the hospital. The land, building and medical infrastructure will belong entirely to the SLJ Society, not to Fortis.

The society will also be the one operating and managing the facility. Fortis Hospotel’s role is limited to providing clinical services, staff and specialised equipment such as a Cath Lab, LINAC, PET-CT machine and a surgical robot.

In return for these services, Fortis Hospotel will earn a service fee based on a percentage of the hospital’s revenue. It has also given the society an interest-free refundable security deposit as part of the arrangement.

There’s a financing angle to this deal as well. Fortis Hospotel has agreed to lend the SLJ Society up to Rs 567 crore for construction, upgradation and running the hospital.

This loan will be paid out in phases over the next three to four years, tied to how construction progresses, and Fortis will earn interest on it.

Once complete, the hospital plans to offer specialised care across oncology, cardiac sciences, neurosciences, gastroenterology, orthopaedics, renal sciences and organ transplants, along with robotic surgery.

It will also treat patients from Economically Weaker Sections for free, as part of its regulatory obligations.

This deal adds to Fortis Healthcare’s broader network, which currently spans 36 healthcare facilities across 12 states, with more than 6,150 operational beds and close to 400 diagnostic labs.

Once the new Ashok Vihar hospital becomes operational in three to four years, subject to regulatory approvals, it will push Fortis’ presence in the Delhi-NCR region to over 3,400 beds.

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