CIBER City Cochin India: Manipal group to buy 40% in stake and management control in Kochi-based Lakeshore Hospital for Rs 100 cr

Cochin Infotech Broadcasting Electronics and Research City

A Mega City project for Cochin City should come somewhere between the muncipalities of North Parur and Kodungaloor.This is where there is alot of potential for future growth and expansion. The promoters of this project should be INKEL(a NRI funded PPP company) and CUSAT(university).It should preferably called CIBER CITY which stand for Cochin Infotech Broadcasting Electronics and Research City. In Ernakulam District it should include parts of Vypeen island(Munambam),Varapzha,Puthenvelikara,Chennamangalam,Chengamanad,Manjali,Kottuvaly etc. In Thrissur Dist. it should include the muncipalities of Mala,Azhikode,Eriyad,Karuvapadna,Thekkukara,Muringoor and Kodungalloor( the ancient port town of Muziris or Crangannore)Situated at the northern end of the Periyar River, about 50 km from Kochi, Kodungaloor has been the gateway for Christianity, Judaism and Islam in India.
Known as 'Muziris' in Western and West Asian maritime records since ancient times, Kodungalloor has also played a role in shaping Kerala's history and culture.The project envisaged a self-contained, hi-tech complex with its own comprehensive infrastructure, including power, expressways, telecom networks, desalination plants, biotech parks, special economic zones (SEZs), IT/Biotech parks, industrial parks, hospitals, educational institutions, hotels and amusement parks.

Sunday, March 2, 2008

Manipal group to buy 40% in stake and management control in Kochi-based Lakeshore Hospital for Rs 100 cr

Manipal group to buy 40% in Kerala hospital for Rs 100 cr
3 Mar, 2008, 0029 hrs IST,Boby Kurian, TNN

BANGALORE: The Manipal group is close to acquiring a substantial stake and management control in Kochi-based Lakeshore Hospital, a super-specialty medical centre and a pioneer in medical tourism initiatives.

Sources said Manipal is likely to pick up around 40% stake for about Rs 100 crore, thus putting up a tough fight against Thailand’s healthcare tourism major Bumrungrad and at least two private equity players.

The deal is yet to be ratified by the board of Lakeshore Hospital, which was originally conceived almost a decade ago by a group of senior medical professionals. It is believed that Manipal Health Systems, a part of Manipal

Education and Medical Group (MEMG) which operates a chain of tertiary- and secondary-care hospitals, has emerged as the front-runner to acquire the stake in Lakeshore. Nevertheless, interest from Bangkok-based and public-listed

Bumrungrad International shows the growing importance of South India on the medical tourism map.

The multi-specialty Lakeshore is one of the few hospitals to have air, water and surface ambulance services.

The hospital’s roof-top helipad is pressed into service to help critically-ill patients while water ambulance service caters to people living in islands around Kochi.

Manipal’s likely stake buy may see it taking over administration and management duties of the hospital, which also has investments from NRI investor and promoter of Dubai-based Lulu Group, MA Yousaf Ali.

Sources said some of the original medical professionals who conceived the project may exit as shareholders.

Dr Ranjan Pai, CEO of MEMG, declined to comment on the impending transaction at this point of time. When queried on the possibility of a takeover by Manipal, Lakeshore Hospital finance director AJ Pai said the board of directors had not taken any decision.

Sources said Manipal may have offered Rs 53 per share, which was below the asking price of Rs 60/65 per share. But what could have tilted the deal in its favour may be the fact that it did not insist on a majority stake straightway, like Bumrungrad or PE investors such as India Value Fund or IVEN Medicare.

MEMG runs a chain of at least 12 hospitals in South India both in the tertiary- and secondary-care segments, with Manipal Hospital, Bangalore, being the flagship. It has two more hospitals in Bangalore, besides some primary care facilities.

M&A action has been seeing a spurt in South India, with a spate of deals involving strategic players as well as private equity funds.

Fortis recently snapped up Malar Hospital in Chennai; IVEN Medicare, part of ICICI Ventures, invested over Rs 100 crore in Mysore-based Vikram Hospitals and India Value Fund infused around Rs 200 crore into Kochi-based DM Healthcare, which plans to set up a network of hospitals nationally.
--------- http://economictimes.indiatimes.com/Healthcare/Manipal_group_to_buy_40_in_Kerala_hospital_for_Rs_100_cr/articleshow/2831781.cms

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FIVE REASONS COCHIN IS INDIA'S HOTTEST IT DESTINATION

1.The Connectivity Advantage
100% of 988 telephone exchanges are digital 98% of telephone exchanges connected by OFC to the NIB Reliance, Bharti, Asianet laying own OFC backbones Highest telephone density - 7 per 100 - India's 2005 target 'SEA-ME-WE-3' and 'SAFE' submarine cable landings (1 0f the 2 states in India to have two submarine cable landings) 15 GBps bandwidth supported VSNL's primary international gateway in India is in Kochi, Kerala.

2.The Human Resources Advantage
The Human Resources Advantage High density of science and technology personnel in India Lowest employee attrition rate in the country - <5% 75 engineering colleges in the state Database of readily employable graduates enabling interested ITES companies to access the best of professional talent Training for ITES HR pool Empanelled trainers providing ITES training within the Habitat.

3.The Cost Advantage
A fully burdened cost of just $8 per hour, when compared to the global average of $15 Salaries - 1/5th of the international average Operational costs less than 50% when compared to major cities Rentals lower by more than 60% in comparison to other cities Power and water tariff among the lowest in the country.
4.Kerala - The Outsourcing Advantage
The Government of Kerala has promised the state an IT led growth over the next few years. The primary drive towards establishing Kerala as the preferred ITES destination arises from private enterprises and community energies. The Kerala Government acts as a catalyst to successfully facilitate an enabling environment for IT, IT products and ITES. Kerala with its focus on Business Process Outsourcing, Customer Interaction Centres and Digital Content Creation/Processing, Training for relevant skills at sub-domain level to ensure adequate supply of trained human resources to ITES companies and employment regulations that uniquely facilitate ITES operations, is poised today to become the IT industry's dream destination.
5.Investing in Kochi
Kochi (formerly called Cochin) lies in the Southwest corner of the country. It is a bustling cosmopolitan city, home to 2 million people with all the associated social infrastructure including residential accommodation, shopping, schools, stock exchange, hotels, hospitals, conferencing venues, amusement park and entertainment facilities.Kochi is the commercial capital of Kerala and is home to the 7.5 million tones per annum Kochi Refineries, India's only private sector International airport, Shipyard, a number of medium and small sized industrial units in industrial belts at Udyogamandal, Edayar, Kalamasserry, Ambalamughal and Angamaly, and power plants at Bramhapuram and Edayar. Kochi has the Cochin University of Science & Technology, several Engineering and Medical Colleges and Business Schools. Kochi has a 15 GBPS VSNL International Gateway Exchange. Only Kochi and Mumbai in India have landing points for submarine cable links for 15 GBPS bandwidth and have therefore India's cheapest bandwidth costs. The SEA-ME-WE3 and SAFE cables touch Kochi; making Kochi a sought-after destination for IT enabled services. The recent NASSCOM survey on 9 leading Indian ITES destinations covering a range of parameters including land costs, power and communication infrastructure ranked the Kochi as the second best ITES destination above Metros like Bangalore, Mumbai and New Delhi. 100 percent literacy and a very high level of e-literacy aided by government led projects such as Akshaya ensures a ready manpower resource for ITES/BPO sector. A dedicated ITES habitat for training in Kochi has commenced operations.

Developing a Silicon Valley in Cochin

A Synergy and Analogous Tale of Two Cities emerging to Global prominence from humble beginings

Silicon Valley - Heart of the Technology Revolution

Silicon Valley California
Silicon Valley is an area that is located on the San Francisco, California, peninsula, radiates from Stanford University between the cities of San Francisco and San Jose (the 'capital' of Silicon Valley). Silicon Valley is contained by the San Francisco Bay on the east, the Santa Cruz Mountains on the west, and the Coast Range to the southeast.
It contains cities such as Mountain View, Cupertino and Sunnyvale. Silicon valley is home to world famous companies such as HP, Intel, Sun, Google, Yahoo!, eBay, Cisco, Apple Computers , Adobe and many, many more.

Cochin, Kerala India
Cochin is an area that is located centrally in Kerala State on the Southwest Indian Peninsula, It is contained by the Arabian Sea on the west including exotic Cherai Beach in Vypeen Island and Munnar Mountains on the east as well as Alleppey the Venice of the East to its South. It comprises of subdivision as Kakkanad(Which is the center of the IT revoluton)Thrikkara the home of Cochin University of Science and Technology,Ernakulam,Alwaye and Angamali. Cochin is emerging as a popular destination for Information Technology giants like Infosys,Wipro,TCS,Nest,Muthoot and many,many more.

CIBER City Cochin India