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BCG group charts Rs 400-cr health sector plan

BS Reporter  |  Chennai/ Kochi 

plans to enter the healthcare industry by setting up a multidisciplinary health facility, BCG Healthsquare, at Palarivattam near here by August.

Addressing a press conference here today, CEO said its long-term plan was to set up a health village with an area of 750,000 sft, with a super specialty hospital and residential facility for individuals requiring medical attention and healthcare.

“With this in mind, we are in talks with leading service providers in the country and abroad to manage a 400-bed hospital in Kochi. The estimated cost of the health village is approximately Rs 400 crore,” she said. 

The Healthsquare facility would be spread over 110,000-sft on 10 floors, with the basement and the third floor used for parking; ground and first floors for health-related retail stores including pharmacy, optical ware, skin care products, cosmetics, ayurvedic and herbal products and medical equipment. 

The second floor is meant for allied services where medical colleges, hospitals, ayurvedic centres and insurance can set up their referral centres. The fourth and fifth floors would have wellness clinics and rejuvenation centres.

The group plans six Healthsquare facilities, with two more in Ernakulam district and four in Kottayam, Thrissur, Kozhikode and Thiruvananthapuram. “We hope to achieve this in the next five years with the Healthsquare brand adding Rs 30-40 crore to the group’s turnover annually,” she added.

The group has also plans to develop close to 160,000 sft of space into the social infrastructure of Kerala, which include education and healthcare. As part of this initiative, BCG Education Services has already opened two schools in the state under the brand name Guardian Public School, in association with Manipal K12 Services. 

These schools, coming up in Ernakulam and Palakkad from 2011-12 year onwards, would have world-class infrastructure and academic standards, she said. Three more such schools will be established in the next three years.

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