The MOU has been signed in order to facilitate further negotiations and finalization of the appointment of Parkway Group Healthcare and/or its subsidiaries to provide project management and consultancy services for the proposed renovation and expansion of the 100-bed GM Modi Hospital in New Delhi, India. This latest development will expand Parkway’s presence in India, adding to its hospitals in Kolkata and Mumbai.
It is intended under the terms of the MOU that Parkway Group Healthcare will through its subsidiary/subsidiaries, provide consultancy services from inception to implementation for GM Modi Hospital, including sharing its expertise and experience in redeveloping existing facilities, advising on setting up procedures for operating the hospital and providing staff training.
Following the completion of the expansion program, GM Modi Hospital will have 500 additional beds and a broad range of facilities to include comprehensive primary, secondary and tertiary care in all related fields.
GM Modi Hospital & Research Center is managed by Gujarmal Modi Hospital & Research Center for Medical Sciences under the chairmanship of Dr. B.K. Modi, which is part of the $ 2 billion Spice Global diversified business group. Headquartered in Singapore and with offices across Delhi, Mumbai, Shenzen, Los Angeles, Dubai, London, Spice Global has business interests in telecom, entertainment, finance, technology, and infrastructure projects.
