India-based HealthCare Global Enterprises Ltd (HCG) has partnered with Cancer Care Kenya Ltd (CCK) and MP Shah Hospital to invest $6.25 million (Sh643 million) in a cancer centre in Nairobi.
The Indian firm will have a 77.6 per cent stake in the facility while MP Shah Hospital will have 10 per cent with other partners controlling 12.4 per cent, reports Business Daily.
The facility will occupy two floors of the upcoming MP Shah Hospital complex in Parklands, Nairobi.
The eight-storey building will house oncology wards, physiotherapy and maternity units with an expected capacity of between 100 and 300 beds.
“We want to make sure that we reduce the enormous economic impact of Kenyan patients who come to India seeking the same treatment by providing the same here through MP Shah and other oncology hospitals in the long run,” said HCG Enterprises Ltd founder and chairman, Dr BS Ajaikumar.
The centre comes as a huge relief for the more than 200 cancer patients who travel to India for treatment every month.
HCG Africa Director Dinesh Madhavan said Kenyans seeking PET CT scan currently fly to India, South Africa, Egypt and Morocco at a cost of $2,200 a session or $4,000 inclusive of travel and accommodation.
“This cost will be cut by about 40 per cent come April 2018 when we set up the PET CT at the HCG CCK facility at MP Shah. We are certain the services will be up by then,” he said.
The partnership makes the HCG the first private Indian Cancer Centre Group investment in Africa.