Pearl Human Care ties up with Henry Ford health system
Pearl Human Care ties up with Henry Ford health system: Tie-up of Henry Ford with Pearl Human Care for the benefit of patients in India who require advanced medical treatment.
The huge Detroit-headquartered $6 billion Henry Ford Health System has entered into a 20 year old licensing agreement with India’s Pearl Human Care Pvt. Ltd. to set up an establishment of super speciality hospital ‘Nauvri Hospitals’ in Vellore, Tamil Nadu.
Pearl Human Care, owned by G.V. Sampath announced that this establishment aims to provide world-class health facility to people in and around the town especially those who have to travel to far away Chennai and Bengaluru for advanced medical treatment. This tie-up is going to infuse a combination of clinical best practices, and provide advanced digital technology. Nauvri Hospitals will be built at the cost of Rs. 330 crore, upon the three-acre land which is located close to the existing Christian Medical College and Hospital in Green Circle, Vellore. The hospital proposed to built will come into a functioning from January 2019. Henry Ford Health System assures on giving all technical expertise and training to doctors and providing clinical speciality, equipment selection and procurement, patient flow, key case review mechanism, quality control and building design. In the first phase, the hospital designs to have 250 beds and another 150 beds to be added in the next phase. According to the deal, Henry Ford Health System will get one-time lump sum fee and a share in the revenue after the hospital begins to run.
Vice President and Chief Innovation Officer of Henry Ford Health System, Mark Coticchia said, “This is our maiden entry into India in healthcare segment…As per the deal, we will provide technical know-how, design and develop the hospital to provide international health care at affordable price.”
Mr. Sampath further added that this project will surely be met through a mix of debt and promoters fund. In choosing Vellore as the location for the building of hospital was a very crucial decision, as many patients have to travel as far as Chennai and Bengaluru for a proper advanced treatment as the existing hospitals do not have the capacity. According to their research they found out that nearly 10,000 to 15,000 people travel to Chennai and Bengaluru for advanced treatment, and CMC has reached its saturation point and nearly, 2,000 patients have to return everyday without a bed. Therefore this new hospital won’t just be like any other hospital, it will be made under US model but tailored for Indian conditions. Even the patient records will be digitized from day one. With 300 medical staff under its wings, the Nauvri hospital will provide primary care as well as advanced speciality care in fields such as cardiology and orthopedics.