Sterling to set up multispeciality hospital at GIFT City.

After buying back Sterling Hospitals from private equity (PE) fund Actis last year, Gujarat based entrepreneur Girish Patel is now focussing on revamping as well as expanding the chain. A 200-bed multispeciality hospital is planned at the Gujarat International Finance Tec-city (GIFT) in Ahmedabad.

The man behind iconic brands like Moov, Livon, D'Cold, and now turned investor, Patel is planning to invest close to Rs. 200-225 crore to expand Sterling Hospitals.

As a part of the plan, two oncology centers are planned, one at Ahmedabad another in Vadodara. These would multi-super-speciality hospitals with 17-20 beds each. As for the Vadodara project, the firm already has the land in possession. What's more a 200-bed multi-speciality hospital is planned at the GIFT City in Ahmedabad that will also house a wellness center and nursing center.

Patel says the hospitals are planned in an asset-light model. While Sterling would develop the hospital at GIFT city, the expansions elsewhere could be in a lease-operate & manage mode, where the land and building could be developed by a partner. He also plans to expand the Sterling brand into neighbouring states of Rajasthan and Madhya Pradesh, where it could take over some brownfield facility and Sterling would operate and manage it besides branding it.

BS