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INDIA BUSINESS WORLD - 1st FEBRUARY - TO - 15th FEBRUARY - 2009
FORTIS, INTERNATIONAL ONCOLOGY IN TIE-UP
HOSPITAL chain Fortis Healthcare has tied up with International Oncology, a US-based company formed by a group of Indian doctors working overseas. As per the tie-up, a team of about 12 doctors from International Oncology has started offering cancer care treatment, including radiation therapy, medical oncology, surgical oncology and bone marrow transplant at Fortis’ Noida hospital.
Other doctors from the UK and other countries are expected to join the hospital soon. Based on the experience and outcome of the partnership, the two companies may expand their collaboration to other hospitals of Fortis. International Oncology is also looking to set up independent hospitals in India, particularly at tourist destinations such as Jaipur and Delhi to attract foreigners. Funded by a group of individual investors, the company plans to invest around $50 million in India over the next five years.
Says Fortis Healthcare Director (Medical Operations) Rajen Ghadiok, "Instead of setting up a superspecialty hospital for cancer treatment, which would have taken a long time, we decided to tie up with International Oncology."
There is a huge unmet need for cancer treatment in India. As per industry estimates, there are about 3 million cancer patients in India and it is one of the fastest growing diseases along with lifestyle-related diseases.
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