Narayana Hrudayalaya Q3 FY21 Update - Cayman Expansion In Camana Bay To Improve Reach: ICICI Direct
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ICICI Direct Report
Narayana Hrudayalaya Ltd.’s subsidiary - Health City Cayman Islands, already running a hospital at East End, Grand Cayman, Cayman Islands, is establishing a facility at a new location in the Camana Bay Development area of Grand Cayman.
This is in order to expand the scope of super specialty treatment options already offered and offer medical services closer to the city centre.
As such, the new facility, planned on a 3-acre land plot, is expected to have 50 operating beds and will be completely commercialised within two years with a capex outlay of ~$100 million that will be funded through a mix of internal accruals and debt.
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