Page 16 - Hospitals

Maxivision Super Speciality Eye Hospitals to set up 100 eye care centres

Eye care major Maxivision Super Speciality Eye Hospitals Pvt Ltd on Tuesday said it would invest Rs 400 crore to set up 100 eye care centers in Tamil Nadu. Under the proposed investment plan, Maxivision Super Speciality on Tuesday signed a memorandum of understanding with the Tamil Nadu Government in the presence of Chief Minister M K Stalin at the Secretariat here. Accordingly, the eye care provider would set up the eye care centres in tier II and III cities that would generate 2,000 jobs in the state. Maxivision Super Speciality has set up super speciality eye hospitals in Telangana, Gujarat, Andhra Pradesh and Kerala. According to the website of the eye care provider, Maxivision Eye Hospital was set up in 1996 by ophthalmologist Dr Kasu Prasad Reddy. He later joined hands with Trivitron HealthCare Group founder-chairman G S K Velu. Currently, Velu is the Chairman of Maxivision, while Dr Kasu Prasad Reddy heads the clinical leadership as founder and mentor. Commenting on the ..

G20 meet: 3 private hospitals among 8 medical facilities put on high alert

Five government hospitals and three private medical facilities have been put on "high alert" in view of the upcoming G20 Summit in the national capital, Delhi Health Minister Saurabh Bharadwaj has said. The Delhi health department has formed 80 teams of doctors and nursing staff, who will serve guests staying at hotels. Out of these teams, 75 teams will work in shifts, officials said on Wednesday. Bharadwaj convened a meeting at the Delhi Secretariat to take stock of healthcare arrangements in view of the Summit scheduled to be held from September 9 to 10. "In light of the G20 Summit, the Delhi government has placed five major government hospitals and three private hospitals on high alert to ensure the healthcare arrangements are in place. These include primarily Lok Nayak Hospital, GB Pant Hospital, GTB Hospital, Deen Dayal Upadhyay Hospital, and Babasaheb Ambedkar Hospital, along with private facilities Primus Hospital Chanakyapuri, Max Hospital Saket, and Manipal Hospital Dwarka,

Subsidised meal initiative at Jammu's GMC hospital garners huge response

A subsidised meal initiative -- 'Thali for Rs 10' -- introduced by a non-profit organisation at the Government Medical College (GMC) Hospital here has drawn a huge response from patients' families with nearly 400 people availing the facility on the first day alone. Sewa Bharti, a non-governmental organisation (NGO) renowned in the region for supporting vulnerable communities, introduced the 'Apna Bhojnalaya' initiative at the hospital here on Monday. This step seeks to provide affordable and nourishing meals priced at just Rs 10 to the caregivers of patients visiting Government Medical College (GMC) Hospital, Sumit Mahajan, one of the managers of the food point, told PTI. "There was a huge response on the first day itself with over 390 persons opting for the meal", Mahajan said. "We have kept a target of 400 for today. Keeping in view the increasing demand, we have added more logistical support to the food point," he added. One can purchase breakfast, lunch and dinner thalis at 'A

WHO appeals for budget of $125 mn for funding of Afghanistan's hospitals

The organisation also noticed a decrease in the size of its local health teams, which went from 513 to 453 people

Maharashtra govt issues order on free of cost treatment at public hospitals

Health services, including treatment, in all government hospitals in Maharashtra falling under the public health department's jurisdiction have been made available free of cost for patients, the state government said on Wednesday. Medical tests, treatment and all other services provided on public-private partnership, excluding blood supply, are available free of cost to patients from August 15, said a government resolution (GR). The decision to provide free treatment and other health services at all government hospitals in Maharashtra was taken by the state cabinet in its meeting on August 3.

KEC International bags orders worth Rs 1,007 cr including hospital contract

Engineering firm KEC International has bagged new orders worth Rs 1,007 crore, including for construction of a multi-speciality hospital. Its civil business vertical secured an order for design, engineering, procurement and construction of a multi-speciality hospital in eastern India, the company said in a regulatory filing on Friday. The company's transmission and distribution business secured an order for a 380 kV overhead transmission line project in the Middle East. The cables business bagged orders from within the country and abroad. "KEC International Ltd, an RPG Group company, has secured new orders of Rs 1,007 crore across its various businesses," the filing said. "With these orders, our YTD (Year To Date) order intake stands at a record of over Rs 5,500 crore, registering a strong growth of 15 per cent from last year," Vimal Kejriwal, Managing Director and Chief Executive Officer of KEC International, said.

Corporate hospitals to see 8-10% revenue growth in FY24: ICRA Ratings

Corporate hospitals are set to clock an 8-10 per cent revenue growth and strong margins in the current fiscal, ICRA Ratings said in a report on Thursday. The rating agency maintained a stable outlook for the sector, saying the improving operating leverage, coupled with continued cost optimisation and digitisation measures, are expected to support a healthy operating margins of 22-23 per cent in 2023-24 (FY24). The report is based on the agency's sample of nine listed hospital chains -- Apollo Hospitals, Aster DM Healthcare, Fortis Healthcare, Healthcare Global Enterprises, Krishna Institute of Medical Sciences, Max Healthcare, Narayana Hrudayalaya, Rainbow Children's Medicare and Shalby Hospital. Higher revenue and margin expectations are led by rising incidence of non-communicable lifestyle diseases, growing per capita spend on healthcare, increasing number of health insurances being availed of, and an increase in medical tourism, it said. The report said the aggregate occupancy

Hospital revenues to grow 8-10% in FY24 on rise in lifestyle disease: ICRA

The rating agency expects the aggregate occupancy for its hospital industry's sample set to remain strong at 60-65 per cent in FY24, building on the prior year's 65.1 per cent

Wockhardt loss widens to Rs 136 cr in Q1 due to higher expenses

Pharmaceutical firm Wockhardt Ltd on Monday said its consolidated loss after tax widened to Rs 136 crore in the June quarter due to higher expenses. The company had posted a consolidated loss after tax of Rs 75 crore in the year-ago period, Wockhardt Ltd said in a regulatory filing. Consolidated revenue from operations stood at Rs 644 crore in the first quarter of the current fiscal as compared to Rs 595 crore a year ago, it added. Total expenses were higher at Rs 762 crore as against Rs 748 crore in the corresponding quarter a year ago, the company said.

After 18 deaths in 24 hrs, non-serious patients shifted from Thane hospital

In the wake of the death of 18 patients in 24 hours at the Chhatrapati Shivaji Maharaj Hospital at Kalwa in Thane, authorities have started shifting other patients, who are not in a serious condition and new admissions, to the Civil Hospital located nearby if they are willing to be relocated, officials said on Monday. Thane's Additional Municipal Commissioner (in-charge of health services) Sandeep Malvi said in the 24-hour period ending on Monday morning, three patients died at the civic-run Chhatrapati Shivaji Maharaj (CSM) Hospital, while one patient was brought dead. The number of deaths at the Kalwa-based hospital has come down in the last 24 hours and the details are being compiled and analysed, he said. Earlier, the CSM Hospital reported 18 deaths in the 24-hour period between Saturday and Sunday, following which Chief Minister Eknath Shinde ordered setting up of an independent committee to carry out a probe into the clinical aspect of the deaths. Elaborate police security wa

Panic grips as patients with viral diseases queue up at Kanpur's hospital

Although, the doctors said, these are seasonal flu, there is a situation of panic in the hospitals due to the sudden increase of patients with viral fever

Fire breaks out at Indirapuram hospital in Ghaziabad, no loss of life

"At 1:51 am, a fire call was received from Amicare Hospital Nyay, Indrapuram, and immediately, 2 fire tenders were rushed to the spot and a dousing operation was launched," a fire official said

Fire at hospital in Ahmedabad, 100 patients evacuated, say officials

A fire broke out in the basement of a multi-storey hospital in Gujarat's Ahmedabad city on Sunday, following which around 100 patients were evacuated from the facility as a precautionary measure, officials said. As per preliminary information, the fire broke out at around 4.30 am in the basement of Rajasthan Hospital, located in city's Sahibaug area, an official from Sahibaug police station said. "Fire fighting teams are working to control the blaze. Smoke continues to emerge from the basement of the hospital where the fire broke out," police inspector MD Champavat said. "Nearly 100 patients have been evacuated from the multi-storey building as a precautionary measure," he added. The cause of the fire was yet to be ascertained. The hospital is run by a charitable trust.

Even moderate temperature rise may cause increased hospital visits: Study

Even moderate temperature increases, for example night-time temperatures starting at 18.4 degrees Celsius, can lead to increased hospital visits and death in older adults and those with cardiorespiratory conditions, according to a study conducted in Canada. Researchers from the University of Waterloo and Toronto Metropolitan University in Canada have refined and expanded a method of data collection to assess the health impacts of heat waves and poor air quality. The new method, described in the journal Environmental Research, will help municipalities make a strong case for choosing which mitigation and adaptation measures to pursue to effectively respond to climate changes. The options could include planting more trees for shade, investing in emergency warning programmes, or planning to have more staff available to run ambulances, support hospitals and long-term care homes. "Much of the financial burden to mitigate the impacts of hot temperatures is left to municipalities, but the

Should you subscribe to Yatharth Hospital's IPO? Here's what brokerages say

Yatharth Hospital IPO: In the grey market, the hospital chain's share is commanding a 20 per cent premium over its upper price band of Rs 300

India vs Pak: Why are cricket fans booking hospital beds in Ahmedabad?

Fans are now making their way to hospital rooms in Ahmedabad to catch the India-Pakistan World Cup showdown on October 15

Yatharth Hospital IPO on Jul 26, sets price band at Rs 285-300/share

Yatharth Hospital & Trauma Care Ltd has set a price band of Rs 285-300 per share for its initial share sale, which will open for public subscription on July 26, according to market sources. The public issue will conclude on July 28 and the bidding for anchor investors will open on July 25, according to the red herring prospectus (RHP). The IPO comprises a fresh issue of equity shares aggregating up to Rs 490 crore and an offer-for-sale (OFS) of up to 65.51 lakh equity shares by the company's promoters and promoter group entities. The firm intends to utilize the net proceeds for repayment of debt, funding capital expenditure expenses, funding inorganic growth initiatives through acquisition and other strategic initiatives, and for general corporate purposes. At the upper end of the price band, the issue is expected to fetch Rs 677 crore and at the lower end Rs 687 crore. Half of the issue size has been reserved for qualified institutional investors, 35 per cent for retail investors

Hospital employees arrested for referring patients to private labs

As many as 11 persons including a few employees of the Tata Memorial Hospital in the city have been arrested for allegedly referring cancer patients to private laboratories for commission, police said on Wednesday. The hospital, which comes under the purview of the Department of Atomic Energy, is known for advanced cancer treatment and research and gets patients from across the country. Some employees asked the patients to get diagnostic scans done at private imaging centres and laboratories, telling them that there was a long waiting period for scans in the hospital, said a police official. The accused included an assistant administrative officer, wardboy, aaya, servant and cleaning staff. They allegedly received commission from the private labs whose rates are higher than those at the hospital, the official said. The accused, thus, cheated the patients as well as the government to the tune of lakhs of rupees, he said. Based on a complaint filed by a hospital official, a First .

Patients being shifted from trauma centre in north Delhi to LNJP Hospital

As water began to enter the premises of a Delhi government-run trauma centre in north Delhi, authorities began shifting about 40 patients to the LNJP Hospital on Thursday. Three ICU were among those being shifted from the Sushruta Trauma Centre located opposite Chandiram Akhada in north Delhi, a senior official said. "The main gate of the trauma centre has got flooded as water has entered its premises," another official said. Doctors said about 40 patients, including three patients, are being shifted to the city government-run Lok Nayak Jai Prakash hospital (LNJP) in central Delhi. "One ICU patient was shifted by 2:30 PM and others were being shifted in ambulances," a senior doctor said. The Yamuna in Delhi swelled to a staggering 208.48 metres Thursday morning, inundating nearby streets and public and private infrastructure, and causing immense hardships to people living in close proximity to the river. The Sushruta Trauma Centre was established in 1998 for providing critical ca

Quadria Capital to invest up to $155 mn in Maxivision Eye Hospital

Maxivision offers eye care services to over five million patients in 42 centres across six states in southern and western India