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Time of India

Transactions will not affect Deccan facility: Sahyadri

Pune: The Sahyadri Group of Hospitals on Thursday released a press statement, claiming that the acquisition of its majority shares by Manipal Group would not impact the functioning of the facility in the Deccan area. Dr Amitkumar Khatu, the chief legal & compliance officer, Sahyadri Hospitals Group, said in the statement, "The ongoing transaction is a transfer of equity shares in Sahyadri Hospitals Private Limited, which manages multiple hospitals across Maharashtra. This is not the first time such a transaction has taken place. Each time, patient care and hospital operations continued seamlessly. Our legal obligations remain unchanged. " Of the eight hospitals run by the group, only one, the Deccan branch, operates under a charitable trust model, read the statement. The statement said the land on which Deccan Hospital operated was owned by the Pune Municipal Corporation (PMC) and was leased to the trust in 1998 under a 99-year agreement. You Can Also Check: Pune AQI | Weather in Pune | Bank Holidays in Pune | Public Holidays in Pune "This lease arrangement remains intact and has no bearing on the recent equity transaction. The land was leased to the trust upon payment of the entire lease premium at the then prevailing market rate and payment of the entire lease rent for 99 years," read the statement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo The hospital also claimed to have complied with the said agreement by offering free treatment to all patients referred by the civic body. "Over the past few years, this averaged around 260 bed days annually, and not a single referred case was ever denied. Eligible patients will keep getting IPF (indigent patients fund) benefits," the statement said. A spokesperson of the Manipal Group said, "The transaction between Manipal and Sahyadri would be concluded only after regulatory approvals. Therefore, while it is premature for Manipal to comment, we would like to convey that our intention is to continue with the existing participation in all schemes that are to provide treatment to poor patients." Taking cognisance of multiple allegations made against the transactions, the PMC's health department on Thursday sent a notice to the Konkan Mitra Mandal Medical Trust seeking explanations. Dr Suryankant Devkar, assistant health officer, PMC, said, "We received a letter from an advocate claiming that the recent transactions between Sahyadri Group of Hospitals and Manipal Group was an illegal commercial transfer. We have attached it with our notice and sought an explanation on all the issues raised by the said advocate." Advocate Sushrut Kamble had sent the letter to the chief medical officer. He said, "The lease to transfer land was originally meant for the charitable purpose of ensuring affordable healthcare to needy patients and not to earn profits like a corporate firm, but this is what is currently happening at this hospital."