Narayana Hrudayalaya inks pact to open hospital in Kenya

Healthcare services provider Narayana Hrudayalaya has inked a pact with prominent Kenyan doctors and a couple of international financial institutions to set up a multi-speciality hospital in Nairobi, Kenya.
Narayana Hrudayalaya, through its wholly-owned subsidiary, would initially own a 26 per cent stake in the operational entity for a consideration of USD 1.32 million, the Bengaluru-based firm said in a regulatory filing.
The 130-bedded tertiary care facility will provide affordable quality care to the patients in Kenya and neigbouring African countries, it added.
"The venture will help Narayana Hrudayalaya in gaining on the ground knowledge of the Kenyan market," Narayana Hrudayalaya MD and Group CEO Ashutosh Raghuvanshi said.

The multi-speciality hospital in Nairobi will aim to address issues of affordability and accessibility to quality healthcare services in Kenya and the neighboring region, he added.
Founded in 2000 by the renowned cardiac surgeon Devi Prasad Shetty, Narayana Hrudayalaya currently has a network of 23 hospitals and 7 heart centres across India with over 5,300 operational beds.
Shares of the company ended 0.28 per cent lower at Rs 321.55 apiece on BSE.