IISc Bengaluru signs Rs 107 crore deal with HDFC Bank Parivartan to build hospital on campus
India Today
IISc Bengaluru has signed a Rs 107 crore deal with HDFC Bank Parivartan to build a not-for-profit hospital on the campus.
In a memorandum of agreement signed on Tuesday, HDFC Bank Parivartan committed to investing Rs 107.76 crore in the Bagchi-Parthasarathy Hospital being built on the campus of IISc Bengaluru.
Cardiology, radiology, and emergency medicine are the three hospital departments that will receive financial support from the bank, according to a statement.
On its Bengaluru campus, IISc is building the Bagchi-Parthasarathy Hospital, a multi-specialty, not-for-profit hospital with 832 beds, as well as a Postgraduate Medical School.
By the end of 2024, the hospital is anticipated to be completely operational, and the first group of MD/PhD students will be accepted in 2025.
Group Head, ESG & CSR, Business Finance & Strategy, Administration and Infrastructure, HDFC Bank, Ashima Bhat, said, "The new hospital and the medical school will not only bolster the healthcare needs of the entire region but will also provide a new generation of physician-scientists."
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