Paras Healthcare acquires Fortis JK Hospital Udaipur for Rs50 crore; Plans Rs 100 crore investment in expanding services

  • The new entity will be called Paras JK Hospital
  • The hospital to add advanced Cancer care unit, an additional Cath Lab and IVF unit over 2 years
  • This is Paras Healthcare’s first hospital in west India

Leading healthcare organization Paras Healthcare has acquired Fortis J K Hospital, Udaipur with an objective of offering extended secondary and tertiary care services to the large underserved population of Udaipur and adjoining areas. Paras Healthcare which spent Rs 50 crores in acquiring the facility, plans to spend an additional Rs 100 crore in upgrading the hospital which will now be called Paras J K Hospital.Paras Healthcare acquires Fortis JK Hospital Udaipur for Rs50 crore; Plans Rs 100 crore investment in expanding services

Out of the Rs 100 crore investment outlay, Paras Healthcare has already invested Rs 50 crore in the 200 bed facility which is equipped with an advanced Cath lab, MRI, CT, 4 Modular OTs, Dialysis and 30 ICU beds. The additional investment outlay will be spent on setting up an advanced Cancer Care unit, an additional Cath Lab as well as an IVF unit to offer highly comprehensive treatment services to the people.

With the acquiring of the hospital, Paras Healthcare has expanded its presence to 6 cities across India with 9 hospitals operating across these cities. The hospital will also be Paras Healthcare’s first facility in western India.

“We are very happy to commence services in Udaipur with the acquisition of Fortis J K Hospital. Paras Healthcare has acquired the entity through Rs 50 crores investment. Paras J K Hospital, Udaipur furthers our objective of establishing advanced tertiary care facilities in the under-served Tier II and Tier III cities of India. Cities like Udaipur have large populations but lack of quality tertiary care forces people to travel long distances to nearby metro cities, particularly for advanced healthcare needs such as cancer care. We are working to fill this void through our strategic expansions. We are also spending Rs 100 crore over 2 years in upgrading the infrastructure and services at the hospital,” says Dr Dharminder Nagar, Managing Director, Paras Healthcare.

Udaipur district has a huge population of around 20 lacs. Additionally, the adjoining areas of Chittorgarh, Bhilwara, Banswara, Mount Abu, Durgapur, Neemuch and Mansor together constitute a population of up to 1 crore people. In the absence of an advanced tertiary care corporate hospital, a large number of patients requiring advanced care have to travel to Ahmedabad. Paras JK Hospital, Udaipur aims to serve this huge population by bringing quality healthcare closer to their homes.

Oncology will be a key specialty for the hospital as lack of quality cancer care facilities is a major void in this region. The hospital also has in place the finest infrastructure and multidisciplinary teams for Trauma and Critical Care in the region and strives to create a world class trauma centre.

Key clinical programs include Cardiology, Cardiac Surgery, Neurosurgery, Neurology, Gastroenterology, Nephrology, Urology and Minimally Invasive Surgery.

Paras Group currently operates 9 hospitals across India. These include Paras Hospitals, Gurgaon; Paras Bliss, Gurgaon; Paras HMRI Hospital, Patna; Paras Cancer Centre, Patna; Paras Global Hospital, Darbhanga; Paras Hospitals, Panchkula; Paras Bliss, Panchkula; Paras HEC Hospital, Ranchi. In line with its long-term strategy of establishing major presence in smaller towns, Paras Group has strategically chosen Tier II and Tier III cities for expansion.

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