Kovai Medical Center-Hameed14jun2k5

Kovai Medical Center-Good Health for All
BSE 523323

A leading institutional investor, which has had successful investments in the Apollo Hospitals Group and the Delhi based Indraprastha Apollo is believed to have narrowed down its investment sights on one of the best run and profitable Kovai Medical Center (BSE 523323) based in Coimbatore. With healthcare stocks becoming intensely popular with Institutional investors globally, stand alone entities in cities which can be targeted for medical tourism are now facing increased attention.

It is here that the Rs 43 crore Kovai Medical Center fits in. The corporate reported profits of Rs 1.74 crore on an Equity of Rs 10.9 crore for the year ending March 2005. The big thing is that unlike its peer group, this hospital has always made money in the last 4-5 consecutive years.

Kovai Medical Center and Hospital (KMCH) is a 50 crore, 350 bed multi-disciplinary super-speciality corporate hospital located on the Avinashi Road in the Coimbatore-Chennai highway. Owned to the extent of 43 per cent by the local promoters, 19 per cent by NRIs and large stakes being held by ICICI Ventures (1.7 per cent), Sakthi Sugars (1.8 per cent) and Pavai Properties (4.8 per cent), this medicare project is a show piece for the Coimbatore city.

The KMCH is equipped with most modern equipments like CT Scanner, Angiography equipment with DSA, Operating Microscope, Mammography, C-arm, Color Doppler. There are over 30 Medical Departments and 11 Operation Theatres at the hospital, which treat nearly 500 Outpatients & Inpatients everyday, with close to 25 major and minor surgeries being performed daily.

The Super-speciality procedures include Coronary Bypass surgeries, Coranary Angioplasty, Stent Implantation, Laproscopic & Vascular Surgeries, Hip & Knee replacements, Kidney transplants and complex Neuro surgeries. To broaden its reach, the KMCH has set up two satellite medical centers at Ramnagar, Coimbatore and Perundurai. More importantly, the KMCH carries strong credentials, it is recognised to carry out Renal transplants, Corneal transplants and Heart transplants by the Tamil Nadu Government as also the Cadaver transplant programmes.

The KMCH is also recognised as a educational institution by the National Board of Examinations for training DNB candidates in General surgery, Orthopaedic surgery, Cardiothoracic surgery, Cardiology, Anaesthesiology, and Obstetrics & Gynaecology. The Royal College of Surgeons, Edinburgh has also approved KMCH as an institution for imparting education to AFRCS candidates.

The hospital offers under its Research & Educational Trust-Graduate & Post Graduate Paramedical courses in Physiotherapy and Nursing and Graduate courses in Pharmacy, Physiotherapy, Occupational therapy and Nursing.