Apollo to set up Rs 280 cr hospital in Mauritius

Forms JV with British American Investment Company.

Apollo Group of Hospitals and British American Investment Co, a business conglomerate in Mauritius, have formed a joint venture (JV) company, British American Hospitals Enterprise, to set up and manage a tertiary care hospital in Mauritius.

The Apollo Bramwell Hospital in Mauritius, set up at an investment of $70 million (Rs 280 crore) with a debt equity ratio of 1.25:1, will provide advance healthcare across 50 specialties and super-specialties.

Apollo Hospitals is investing 26 per cent in equity in the joint venture. Apollo will provide technical consultancy services during the project implementation stage. Once the project is completed, it will be responsible for the operations of the facility.

Announcing this here on Thursday, Prathap C Reddy, group chairman, said the construction of the Mauritius hospital was currently under way and it was expected to be operational by mid January 2009.

Stating that the hospital would contribute to the upgradation of medical services across the region and be a major training hub for medical and para-medical personnel, Reddy said the facility would be manned by 200 doctors and paramedics.

Apollo Bramwell Hospital would have 200 beds, with a scope to expand this to 350 beds. It will be targeting patients from Madagascar, Seychelles and African countries, he added.