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08:34 PM | Fri, 30 Sep 2016

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Padmashree Dr. B R Shetty Creates Yet Another Milestone in Healthcare

199 Days ago

Business Wire India
Dr. B R Shetty, well-known Indian entrepreneur and philanthropist created yet another milestone in the healthcare industry by unveiling the largest private sector hospital in UAE. Valuated at $200 million, NMC Royal Hospital at Khalifa City in Abu Dhabi, would be multispecialty, multicultural hospital with a total built in capacity of 500 beds is ready to serve as a quaternary care, referral centre hospital.  This strategic infrastructure development comes at the right time when India, UAE are looking at boosting their mutual ties. It is notable fact the Indians in the United Arab Emirates constitute of its 40% of population. 

His Highness Sheikh Nahayan Mabarak al Nahayan, the Honourable Minister of Culture and Knowledge Development inaugurated the NMC Royal Hospital at a grand event attended by over 1,000 dignitaries, medical professionals and media. Dr B R Shetty, Executive Vice Chairman & CEO of NMC Healthcare, said: “The opening of the hospital brings long-awaited state-of-the-art medical services, healthcare facilities and emergency care to the residents of Abu Dhabi and the UAE at large.”

“I would like to extend my gratitude to the Rulers, the regulators and my international investors for always providing their invaluable support and helping to take UAE healthcare to the next level. With a stable and proactive government at the helm in India, there is no time better than now to increase investments into India and continue my humble contributions back to my motherland,” concluded Dr. B R Shetty.

Apart from founding NMC Healthcare in 1975, Dr. B R Shetty also owns and operates businesses in multiple sectors including UAE Exchange and Travelex in financial services, Neopharma in pharmaceutical manufacturing, Royal Catering in food service and a number of schools in the education sector. Dr. B R Shetty also owns hospitals in Egypt, India and Nepal. In India, his healthcare foray started with the acquisition of SUT Hospital in Trivandrum followed by the Beemapally Hospital, Leela Ravi Hospital and CMC Hospital all 3 in Trivandrum, Kerala, the Shree Narayana Hospital in Raipur, Chhattisgarh and the Grande Hospital in Kathmandu, Nepal. The India operations have a current capacity of over 1,000 beds and in the next phase of expansion are looking to add capacity to existing hospitals and also acquire new hospitals. In the field of medical education Dr Shetty has spotted an opportunity in Varanasi, Uttar Pradesh, where he plans to setup a medical university and hospital on a fast track basis supported by a network of medical centers and clinics in a hub and spoke model. Medical Universities in Amaravathi, Andhra Pradesh, Sanchi, Madhya Pradesh and Chhattisgarh are also in planning and development.

About NMC Healthcare

NMC Health plc is the leading private sector healthcare operator in the United Arab Emirates, with a nation-wide network of hospitals and operations in the country since 1975 and has grown to become the only private sector healthcare provider with a broad UAE presence. The group currently operates or manages healthcare facilities and a chain of pharmacies across eight cities and four emirates of the UAE. In addition, the group owns and operates one of the leading fertility treatment centres globally including Clinica Eugin in Barcelona, Spain and Fakih IVF in the GCC, the Americare Group, the leading home care provider in the UAE, as well as ProVita, the pioneering provider of long-term medical care, also in the UAE. The group received over 3 million patients in 2015. The group is also a leading UAE supplier of products and consumables across several key market segments, including pharmaceuticals, medical equipment and consumables, consumer and education products. In April 2012 NMC Health plc was listed on the Premium Segment of the London Stock Exchange and is a constituent of the FTSE 250 Index. NMC Healthcare was recognized as the Superbrand of the year in 2015 and 2016.   

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