Bengaluru: The Cytecare Hospitals, a group of specialized Cancer treatment hospitals plans to raise Rs. 700 crore within next 18 months, Ferzaan Englineer, co-founder of the Group informed on August 18. Located in Yelahanka on the road to the Bangalore’s International Airport, the 150-bed Cytecare Hospital has already raised Rs. 165 crore from high net worth individuals, he said. It will work on hub and spoke pattern with Bengaluru hospital serving as hub for three hospitals. More centres would come up in cities of north Karnataka. The hospital on 16,000 sq. feet area will begin operation from October. Engineer said the Group expects to make break-even in three years. The Group plans to have centres overseas too.
AUTHOR: Islamic Voice
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