Fortis Healthcare Arm Inks Pact To Service 400-Bedded Hospital in Delhi

New Delhi: Fortis Healthcare on Wednesday said its wholly-owned subsidiary has signed definitive pacts with Seth Sunder Lal Jain Charitable Eye Hospital to provide healthcare services to an upcoming 400-bedded super speciality hospital in Ashok Vihar here.

The Healthcare Services Agreement (HSA), executed by Fortis Hospotel Ltd (FHTL), has a committed term of 29 years, extendable on mutually agreed terms. The hospital is expected to commence operations in 3-4 years, subject to requisite approvals.

Under the agreement, FHTL holds long-term exclusive rights to provide specified inpatient healthcare services, necessary clinical manpower, and specialised equipment such as Cath Labs, LINAC, PET-CT, and surgical robots in exchange for an agreed service fee.

FHTL will also extend a phased loan to the Society over the next 3-4 years based on construction progress.

The facility will be owned, operated, and managed by the SLJ Society on approximately 3.1 acres of land.

“Pursuant to this, Fortis’ services would extend to more than 3,400 beds across the Delhi-NCR region going forward,” said Ashutosh Raghuvanshi, MD & CEO of Fortis Healthcare.

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