Hospital founder pledges 70% wealth to build medical varsity
The Hindu
His philanthropist-friends to contribute too
Founder of Global Hospitals Group, Ravindranath Kancherla has pledged 70% of his wealth to build a world-class, not-for profit medical education, research and innovation institute. Dr. Ravindranath has decided to float Global University Foundation to build a medical university and research innovation hub in Hyderabad with the pledged amount of ₹350 crore. The surgeon known for setting up global scale organ transplantation healthcare infrastructure in India will establish Global Health Tech University and Innovation Hub (GHUIH) that would consist of a top medical university and hospital on global scale with multi-disciplinary research and innovation focus. To establish medical university, a 750 to 1,000-bed hospital and health-tech innovation hub requires more than US$100 million of capital over a period of seven years towards medical technology infrastructure and human resources. While Dr Ravindranath’s foundation will take care of 50% of capital required, many of his philanthropist-friends will contribute the balance required funds.More Related News