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Shrachi Group plans to get out of AMRI hospital

India TV News Desk 21 Jun 2014, 17:02:58 PM IST
India TV News Desk
Kolkata: Shrachi Group, one of the stakeholders in private hospital AMRI with Emami, plans to exit the joint venture.

“We are now planning to get out of the joint venture AMRI and discussions are on in this regard,” a source close to the development told PTI.

He said Shrachi Group's desire to exit the joint venture is a new development and had got nothing to do with the fire in the Dhakuria branch of the hospital in December 2010 in which 91 patients were killed.

The official spokesperson, however, declined to comment when contacted.

Ravi Todi was the only board representative from Shrachi Group which holds 33 per cent stake in the JV.  Admission in Dhakuria AMRI has remained closed since then and the government has allowed it to start the out patient department recently.

“We have got the fire licence from the government. Now we will apply for the health licence after which admission of patients can start,” AMRI CEO Rupak Baruah said.  The AMRI venture suffered severe losses since the fire as the Dhakuria branch was the key revenue driver.  AMRI has a total 1,000 beds in its three units - Dhakuria, Salt Lake and Bhubaneswar.

The West Bengal government holds one per cent and the rest being held by the Emami group.