|PRINT | CLOSE WINDOW|
The University of Rochester Medical Center plans to partner with a private, India-based 50-hospital company.
URMC representatives were in Hyderabad, India Tuesday to sign a memorandum of understanding with Apollo Hospitals. The deal calls for URMC to provide the Indian provider group with help developing clinical, research, and education programs.
Apollo’s network includes 38 owned hospitals including facilities in Delhi, Bangalore, Chennai and a dozen other Indian cities. It also owns hospitals in Bangladesh and on the island of Mauritius and manages another ten hospitals in various Indian cities.
Publicly traded in India, Apollo had operating income of some $461.7 million last year.
The deal outlined in the MOU calls for URMC to work with Apollo staff to bring Apollo hospitals in line with Western standards of care three areas: emergency medicine, neurosurgery and neuromedicine, gastroenterology and gastrointestinal surgery and gastrointestinal oncology.
“We’ve been very impressed with the leadership at Apollo and the strategic direction they’ve defined for their organization. We’re excited about the opportunity to partner with an organization the size, scope, and quality of Apollo Hospitals,” URMC CEO Bradford Berk M.D. said.
The Apollo partnership MOU follows URMC’s announcement last year that along with talks with Indian medical facilities it was exploring partnerships with Chinese medical schools and hospitals. URMC officials said last year that they hoped to conclude a Chinese deal in mid-2013.
Partnerships with Asian facilities would help extend URMC’s brand globally and would tie URMC into India’s and China’s fast growing economies, Berk said in 2012.
(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail email@example.com.