Global Health Limited,
d/b/a
A trade name, trading name, or business name, is a pseudonym used by companies that do not operate under their registered company name. The term for this type of alternative name is a "fictitious" business name. Registering the fictitious name w ...
Medanta, is an Indian
hospital chain based in
Gurgaon,
India
India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...
. The chain was started in 2009 by
cardiac surgeon
Cardiac surgery, or cardiovascular surgery, is surgery on the heart or great vessels performed by cardiac surgeons. It is often used to treat complications of ischemic heart disease (for example, with coronary artery bypass grafting); to corr ...
Naresh Trehan
Naresh Trehan (born 12 August 1945) is an Indian cardiovascular and cardiothoracic surgeon. After graduating from King George Medical College, Lucknow, India, he went on to practice at New York University Medical Center Manhattan USA from 1971 ...
and Sunil Sachdeva.
History
In 2004, cardiac surgeon
Naresh Trehan
Naresh Trehan (born 12 August 1945) is an Indian cardiovascular and cardiothoracic surgeon. After graduating from King George Medical College, Lucknow, India, he went on to practice at New York University Medical Center Manhattan USA from 1971 ...
began working on Medanta, along with Sunil Sachdeva, after leaving
Escorts Heart Institute. In June 2006,
Avenue Capital Group
Avenue Capital Group is an American multinational investment firm focusing on distressed securities and private equity with regional teams focusing on opportunities in the United States, Europe and Asia. The firm operates as both a private equ ...
invested in the venture.
In 2009, Medanta launched its first hospital, Medanta - The Medicity in
Gurgaon, a 1250-bed
super-specialty hospital spread over 43 acres which was built at a cost of about .
In 2013, private equity firm
Carlyle Group
The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and ...
acquired Avenue Capital Group's 27% stake in Medanta for , valuing the company at .
In 2015,
Singapore
Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bor ...
-based
Temasek Holdings
Temasek Holdings (Private) Limited, or simply Temasek, is a Singaporean state holding company owned by the Government of Singapore. Incorporated on 25 June 1974, Temasek owns and manages a total of US$496.59 billion (S$671 billion) in assets u ...
purchased
Punj Lloyd
Punj Lloyd Limited is an Indian Engineering, procurement and construction (EPC) company providing services for energy, infrastructure and defense sectors. The company's operations are spread across the Middle East and Africa, Asia Pacific, So ...
's 17.74% stake in the company.
In 2015, Medanta launched a 160-bed hospital in
Indore
Indore () is the largest and most populous city in the Indian state of Madhya Pradesh. It serves as the headquarters of both Indore District and Indore Division. It is also considered as an education hub of the state and is the only city to ...
. Later that year, Medanta acquired the Abdur Razzaque Ansari Memorial Weavers' Hospital on the outskirts of
Ranchi from
Apollo Hospitals
Apollo Hospitals Enterprise Limited is an Indian multinational healthcare group headquartered in Chennai. Along with the eponymous hospital chain, the company also operates pharmacies, primary care and diagnostic centres, telehealth clinics, ...
.
In 2018, Medanta opened a 200-bed hospital in
Sri Ganganagar. In 2019, Medanta began operations of a 1000-bed, multi-specialty hospital in
Lucknow
Lucknow (, ) is the capital and the largest city of the Indian state of Uttar Pradesh and it is also the second largest urban agglomeration in Uttar Pradesh. Lucknow is the administrative headquarters of the eponymous district and division ...
called Medanta Avadh, which was constructed at a cost of . In 2019, it was reported that
Manipal Hospitals had agreed to acquire Medanta for . However, the deal was called off later that year.
In 2021, Medanta inaugurated the 500-bed
Jay Prabha Medanta Super Specialty Hospital
Jay Prabha Medanta Super Specialty Hospital is a multi-specialty medical institute based in Patna, Bihar, India. It is part of Medanta group of hospitals in India. It is located in Kankarbagh region of Patna. The construction was started on May 5, ...
in
Patna
Patna (
), historically known as Pataliputra, is the capital and largest city of the state of Bihar in India. According to the United Nations, as of 2018, Patna had a population of 2.35 million, making it the 19th largest city in India. ...
. In November 2022, Medanta launched its
initial public offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...
.
Rankings
India rankings
* Medanta-The Medicity: 2nd rank, India's Best Hospital 2020 by
Newsweek
''Newsweek'' is an American weekly online news magazine co-owned 50 percent each by Dev Pragad, its president and CEO, and Johnathan Davis, who has no operational role at ''Newsweek''. Founded as a weekly print magazine in 1933, it was widely ...
.
* Medanta-The Medicity: 2nd rank, India's Best Hospital 2021 by Newsweek.
* Medanta-The Medicity: 2nd rank, Best All India Multi Speciality Hospital Ranking 2022 by
Outlook (Indian magazine)
''Outlook'' is a weekly general interest English and Hindi news magazine published in India.
History and profile
''Outlook'' was first issued in October 1995 with Vinod Mehta as the editor in chief. It is owned by the Rajan Raheja Group. The ...
.
* Medanta-The Medicity: 2nd rank, Best Cardiology Multi Speciality Hospital Ranking 2022 by
The Times of India
''The Times of India'', also known by its abbreviation ''TOI'', is an Indian English-language daily newspaper and digital news media owned and managed by The Times Group. It is the third-largest newspaper in India by circulation and largest ...
.
Global rankings
* Medanta-The Medicity: 132nd rank, World's Best Hospital 2022 by Newsweek.
Controversies
In April 2013, the former
Chief Justice of India J. S. Verma died from multiple organ failure at Medanta-The Medicity Hospital. The family of Jurist Verma alleged that he died due to medical negligence. Later, in 2014, the hospital and its team of doctors got the clean chit from the
Delhi Medical Council.
In 2018, a report was published in
The Wire (India)
''The Wire'' is an Indian nonprofit news and opinion website which publishes in English, Hindi, Marathi, and Urdu. It was founded in 2015 by Siddharth Varadarajan, Sidharth Bhatia, and M. K. Venu. The publication's reporters have won ...
where it mentioned the role of India's
Ministry of Health and Family Welfare
The Ministry of Health and Family Welfare is an Indian government ministry charged with health policy in India. It is also responsible for all government programs relating to family planning in India.
The Minister of Health and Family Welfare ...
took an arbitrary step and brokered a deal between the kin of a deceased boy who died in the Medanta hospital during treatment. The hospital was initially accused of overcharging and medical negligence. The reporter on this case writes, "Medanta used the opportunity to hush Gopendra (deceased boy's father) up completely and kill his criminal complaint against them. For now and in this case, the hospital appears to have succeeded."
In 2019, the
Government of Jharkhand
The Government of Jharkhand also known as the State Government of Jharkhand, or locally as State Government, is the supreme governing authority of the Indian state of Jharkhand and its 24 districts. It consists of an executive, led by the Gove ...
issued a directive to take legal action against the Medanta Abdur Razzaque Ansari Memorial Weavers' Hospital in
Ranchi for a suspected instance of medical negligence involving a kidney transplant; the doctors did not filter the blood before the transplant, thus the operation failed. When the public petition was being heard, the patient's relatives brought forward an allegation that the doctor who operated was putting pressure on them to retract the
first information report
__NOTOC__
A first information report (FIR) is a document prepared by police organisations in Indian subcontinent and Southeast Asian countries including Myanmar, India, Bangladesh and Pakistan when they receive information about the commissio ...
they had filed against him at the
Ormanjhi
Ormanjhi is a village in the Ormanjhi CD block in the Ranchi Sadar subdivision of Ranchi district, Jharkhand, India.
Geography
Location
Ormanjhi is located at at an elevation of from mean sea level (MSL).
Area overview
The map along ...
police station.
In 2019,
Madhya Pradesh High Court
The Madhya Pradesh High Court is the High Court of the state of Madhya Pradesh which is located in Jabalpur. It was established as the Nagpur High Court on 2 January 1936 by Letters Patent dated 2 January 1936, issued under Section 108 the '' ...
fined the Indore unit of the hospital , for failing to establish an internal complaints committee as required by Section 4(1) of the
.
In June 2020, the
Enforcement Directorate
The Directorate of Enforcement (ED) is a law enforcement agency and economic intelligence agency responsible for enforcing economic laws and fighting economic crime in India. It is part of the Department of Revenue, Ministry of Finance, Gover ...
filed a
money laundering case against the hospital, its chairman
Naresh Trehan
Naresh Trehan (born 12 August 1945) is an Indian cardiovascular and cardiothoracic surgeon. After graduating from King George Medical College, Lucknow, India, he went on to practice at New York University Medical Center Manhattan USA from 1971 ...
,
Atul Punj and unidentified Haryana government officials for suspected irregularities in the hospital's 2004 land allocation.
In 2021, the
District Collector
A District Collector-cum-District Magistrate (also known as Deputy Commissioner in some states) is an All India Service officer of the Indian Administrative Service (IAS) cadre who is responsible for ''land revenue collection'', ''canal reven ...
of
Indore
Indore () is the largest and most populous city in the Indian state of Madhya Pradesh. It serves as the headquarters of both Indore District and Indore Division. It is also considered as an education hub of the state and is the only city to ...
ordered the closure of Indore's Medanta hospital-owned pharmacy store because "the hospital was not providing any information" to the
state
State may refer to:
Arts, entertainment, and media Literature
* ''State Magazine'', a monthly magazine published by the U.S. Department of State
* ''The State'' (newspaper), a daily newspaper in Columbia, South Carolina, United States
* ''Our S ...
's Chief Medical Health Officer (CMHO). Earlier, an inquiry was initiated against an overcharging case by the same officer, but the hospital administration "did not pay heed to it."
Accidents
In 2017, an air ambulance from Medanta Hospital en route to
Bangkok
Bangkok, officially known in Thai as Krung Thep Maha Nakhon and colloquially as Krung Thep, is the capital and most populous city of Thailand. The city occupies in the Chao Phraya River delta in central Thailand and has an estimated populati ...
was involved in a crash landing at
Nakhon Phanom Airport
: ''For the military use of the facility see Nakhon Phanom Royal Thai Navy Base''
Nakhon Phanom Airport ( th, ท่าอากาศยานนครพนม) is a small domestic airport serving Nakhon Phanom, the capital city of Nakhon ...
, about 730 kilometers from the Thai capital, resulting in the pilot's death and injuring two medical professionals.
In January 2022, a fire broke out in the
intensive care unit
220px, Intensive care unit
An intensive care unit (ICU), also known as an intensive therapy unit or intensive treatment unit (ITU) or critical care unit (CCU), is a special department of a hospital or health care facility that provides intensi ...
of Medanta's Indore hospital. However, there were no reports of any casualties. The hospital's fire alarm system did not appear operational, as the eyewitness stated.
References
External links
Medanta.org
{{Authority control
Hospital networks in India
Hospitals in Haryana
Hospitals established in 2009
Companies based in Gurgaon
Health care companies of India
2009 establishments in Haryana