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Narayana Hrudayalaya to invest $100 m more in Cayman Islands


Narayana Hrudayalaya to invest $100 m more in Cayman Islands
February 19, 2021
A view of the Narayana Hrudayalaya Hospitals. File Photo   -  The Hindu×
To build 50-bed superspecialty healthcare facility
Health City Cayman Islands Ltd (HCCI), a step-down subsidiary of Narayana Hrudayalaya Ltd running a hospital in the Cayman Islands, plans to expand to a new location in the Camana Bay Development area of Grand Cayman.
HCCI is currently offering tertiary healthcare services to medical tourists and Caymanians from its existing unit in East End, which is located about 30 km away from George Town.
“The expansion is estimated to cost $100 million, subject to applicable statutory and regulatory approvals. The funding is through internal accruals of HCCI and borrowing from banks and financial institutions,” the company said in a regulatory filing to exchanges.

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