500-bed hospital to be set up in city at $38m


Naim-Ul-Karim | Published: June 30, 2008 00:00:00 | Updated: February 01, 2018 00:00:00


A local company in collaboration with the UK based Dominion Financials Limited will establish a 500-bed hospital at a cost of $38 million in the capital to provide advanced tertiary care of international standards at reasonable costs.

The investment with the financial support of the UK based global moneylender is the single largest of its kind in the country's health sector that aims to serve the patients who would normally go abroad for treatment, an official said.

He said the government's Board of Investment (BoI) has already allowed the local company--Bangladesh Medical Services and Technology (BMST)--to tie up with the UK based money lender for establishing the hospital.

"We have already approved the proposal of the BMST to establish a 500-bed hospital at a cost of $38 million in the city's Mirpur area," said a senior BoI official.

In line with the project proposal submitted to the BoI, he said the local company will borrow $23 million from the Dominion Financials Ltd to establish the hospital.

When contacted by the FE, a senior official of the BMST said it has planned to establish the hospital by 2009.

He said the Dominion Financials Ltd that provide funds to transport and agricultural development, estate/housing development, shipping and aviation, oil and gas development, hospitality and tourism, education and information technology across the world, has diagnosed the entire project of the proposed hospital which will be largest after United and Apollo hospital.

A 450-bed Apollo Hospital in Dhaka, established in 2005, is considered to be the first private multi-specialty world standard healthcare center in the country.

The United hospital, which also offers world class services, has 450 beds in wards, cabins, emergency while an 18-storey Square hospital that started operating in November 2006 has 300-bed.

"Our number one priority will be to provide the patients with high quality healthcare in a friendly and compassionate environment," said the BMST official.

"We have plans to bring those patients who leave the country for treatment to the neighbouring countries in our hospital offering reasonable charges."

He said the hospital will provide a complete range of the latest diagnostic, medical and surgical facilities for the care of its patients. It will have all the characteristics of a world-class hospital with wide range of services and specialists, equipment and technology, ambience and service quality.

Share if you like