A Japanese firm, Ship Healthcare Holdings, has tied up with a local company to set up a 500-bed hospital in Ashulia with an investment of Tk 500 crore.
The Osaka-based hospital construction and renovation consultancy will spend Tk 320 crore to have a 60 percent stake in the joint venture with Aichi Group, the local company that will own the remaining shares.
The construction work of the hospital will start in September, said Ulfat Jahan Moon, managing director of Aichi Group, which signed a memorandum of understanding with its Japanese partner on July 1.
The joint venture will renovate an Aichi subsidiary -- East-West Medical College and Hospital -- and construct seven new floors on the existing building to house the new hospital, which will be named East-West Specialised Hospital.
The operation of the hospital, which will specialise in cardiology, kidney diseases and trauma, will start in October next year, according to Moon.
Aichi Group has now six subsidiaries, including medical, dental and nursing colleges.
They also have a plan to develop a residential area on the campus for doctors and nurses.
The hospital will offer diagnostic services such as angiography to detect heart diseases, she said, adding that the hospital will handle such advanced treatments as neurosurgery and cardiac surgery.
“We will offer services of international standards at low cost compared to other high-end hospitals in Bangladesh.”
The country has huge demand for cardiac institutes as the number of cardiac patients is increasing rapidly, she said.
“We started our journey with a 10-bed hospital in 1995 in Uttara. We have developed six health institutes in only 18 years."
The Japanese company has also invested in a hospital in Myanmar recently.