BRS Ventures, owned by UAE-based Indian tycoon Dr BR Shetty, signs deal to run two hospitals, establish pharma manufacturing unit in Kabul
BRS Ventures, a holding company belonging to UAE-based Indian tycoon Dr BR Shetty, has signed an agreement to take over two hospitals in Afghanistan.
The company said it has signed a memorandum of understanding with Afghanistan's Ministry of Public Health to run the hospitals and establish a pharmaceutical manufacturing unit in Kabul.
Under the deal, BRS Ventures will operate Sheikh Zayed Hospital and Wazir Akbar Khan Hospital under a public private partnership model.
The hospitals will be a part of the BRS Ventures healthcare brand called BR Life. The agreement will be executed in two phases.
SZ Hospital is an 82-bed hospital located in the heart of Kabul while WAK Hospital is a 210-bed super specialty hospital catering to over 72,000 patients annually.
BRS Ventures will be responsible for the complete refurbishment of the hospitals, with operations set to start in the coming months.
Shetty, founder and chairman of BRS Ventures, said: “I am thrilled that we have an opportunity to invest in Afghanistan. My motto in life has always been to serve mankind... I will ensure that we wholeheartedly enhance the public healthcare infrastructure in Kabul.”