Medanta

History

In 2004, cardiac surgeon Naresh Trehan began working on Medanta, along with Sunil Sachdeva, after leaving Escorts Heart Institute. In June 2006, Avenue Capital Group invested in the venture.

In 2009, Medanta launched its first hospital, Medanta - The Medicity in Gurgaon, a 1250-bed super-specialty hospital spread over 43 acres which was built at a cost of about .

In 2013, private equity firm Carlyle Group acquired Avenue Capital Group's 27% stake in Medanta for , valuing the company at . In 2015, Singapore-based Temasek Holdings purchased Punj Lloyd's 17.74% stake in the company.

In 2015, Medanta launched a 160-bed hospital in Indore. Later that year, Medanta acquired the Abdur Razzaque Ansari Memorial Weavers' Hospital on the outskirts of Ranchi from Apollo Hospitals.

In 2018, Medanta opened a 200-bed hospital in Sri Ganganagar. In 2019, Medanta began operations of a 1000-bed, multi-specialty hospital in Lucknow called Medanta Avadh, which was constructed at a cost of . In 2019, it was reported that Manipal Hospitals had agreed to acquire Medanta for . However, the deal was called off later that year.

In 2021, Medanta inaugurated the 500-bed Jay Prabha Medanta Super Specialty Hospital in Patna. In November 2022, Medanta launched its initial public offering.

Rankings

India rankings

• Medanta-The Medicity: 2nd rank, India's Best Hospital 2020 by Newsweek.
• Medanta-The Medicity: 2nd rank, India's Best Hospital 2021 by Newsweek.
• Medanta-The Medicity: 2nd rank, Best All India Multi Speciality Hospital Ranking 2022 by Outlook (Indian magazine).
• Medanta-The Medicity: 2nd rank, Best Cardiology Multi Speciality Hospital Ranking 2022 by The Times of India.

Global rankings

• Medanta-The Medicity: 132nd rank, World's Best Hospital 2022 by Newsweek.

Hospitals

Medanta Group has following hospitals :

• Medanta – The Medicity Multi-Speciality Hospital, Gurugram
• Medanta Super Speciality Hospital, Lucknow
• Jay Prabha Medanta Super Specialty Hospital, Patna
• Medanta Super Speciality Hospital, Indore
• Medanta Abdur Razzaque Ansari Memorial Weavers’ Hospital, Ranchi

Controversies

In 2012, a donor died during the liver transplantation operation despite the fact that a pre-operation medical report clearly stated that donor's liver "was not ideal for donation."

In April 2013, the former Chief Justice of India J. S. Verma died from multiple organ failure at Medanta-The Medicity Hospital. The family of Jurist Verma alleged that he died due to medical negligence. Later, in 2014, the hospital and its team of doctors got the clean chit from the Delhi Medical Council.

In 2014, a Junior doctor employed at Medanta Medicity in Gurgaon was apprehended on allegations of sexual assault and harassment against his sister.

In 2018, a report was published in The Wire (India) where it mentioned the role of India's Ministry of Health and Family Welfare took an arbitrary step and brokered a deal between the kin of a deceased boy who died in the Medanta hospital during treatment. The hospital was initially accused of overcharging and medical negligence. The reporter on this case writes, "Medanta used the opportunity to hush Gopendra (deceased boy's father) up completely and kill his criminal complaint against them. For now and in this case, the hospital appears to have succeeded."

In 2019, the Government of Jharkhand issued a directive to take legal action against the Medanta Abdur Razzaque Ansari Memorial Weavers' Hospital in Ranchi for a suspected instance of medical negligence involving a kidney transplant; the doctors did not filter the blood before the transplant, thus the operation failed. When the public petition was being heard, the patient's relatives brought forward an allegation that the doctor who operated was putting pressure on them to retract the first information report they had filed against him at the Ormanjhi police station.

In 2019, Madhya Pradesh High Court fined the Indore unit of the hospital , for failing to establish an internal complaints committee as required by Section 4(1) of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

In June 2020, the Enforcement Directorate filed a money laundering case against the hospital, its chairman Naresh Trehan, Atul Punj and unidentified Haryana government officials for suspected irregularities in the hospital's 2004 land allocation.

In 2021, the District Collector of Indore ordered the closure of Indore's Medanta hospital-owned pharmacy store because "the hospital was not providing any information" to the state's Chief Medical Health Officer (CMHO). Earlier, an inquiry was initiated against an overcharging case by the same officer, but the hospital administration "did not pay heed to it."

Accidents

In 2017, an air ambulance from Medanta Hospital en route to Bangkok was involved in a crash landing at Nakhon Phanom Airport, about 730 kilometers from the Thai capital, resulting in the pilot's death and injuring two medical professionals.

In January 2022, a fire broke out in the intensive care unit of Medanta's Indore hospital. However, there were no reports of any casualties. The hospital's fire alarm system did not appear operational, as the eyewitness stated.

References

References

1. (18 February 2023). "Medanta sees new hospitals & services, complex specialities boosting margins". The Economic Times.
2. "Investor Presentation Q4 and FY2024". medanta.org.
3. (20 November 2010). "Gurgaon hospital scores a first with robotic surgery".
4. (4 February 2017). "Medanta may invest Rs 750-1,000 cr on high-end hospital in Odisha". Business Standard.
5. Sonavane, Ravindra N.. (2021-09-30). "Medanta hospital chain files for share sale".
6. "Carlyle Group picks 27% in Medanta Medicity Hospital for Rs 960 cr". Indian Express.
7. (19 July 2010). "Magic of Medanta". Financial Express.
8. (11 March 2010). "Medanta has no effect on competitors".
9. (19 July 2010). "Operation Medanta". Business Standard.
10. "Temasek buys 18% stake in Medanta from Punj Lloyd". VCCircle.
11. "Dr Naresh Trehan inaugurates Medanta — The Medicity in Indore". Economic Times.
12. "Medanta forays into Irba heal hub with promise of better care". Telegraph India.
13. "Medanta opens 200-bed hospital at Sri Ganganagar". United News of India.
14. (5 November 2019). "CM inaugurates 1,000-bed Medanta hosp in Lucknow". Hindustan Times.
15. (15 October 2015). "Construction of Medanta hospital in Lucknow begins". Business Standard.
16. (2019-05-27). "Manipal Hospitals to buy Medanta in Rs 5,800 crore deal". The Economic Times.
17. (17 August 2019). "Rs 5,800 cr Medanta-Manipal deal falls through as sides disagree over valuation". Business Today.
18. "Patna: CM Nitish Kumar inaugurates 500-bed Medanta hospital". The Times of India.
19. "Medanta hospital chain IPO to open on November 3". Moneycontrol.
20. (2020-02-27). "Best Hospitals – India".
21. (2021-03-02). "Best Hospitals 2021 - India".
22. (2022-04-20). "Best All India Multi Speciality Hospital Ranking 2022 Presented By Outlook & NEB Research".
23. "Best Cardiology Hospitals in India".
24. (2022-03-02). "World's Best Hospitals 2022 - Top 250".
25. (Jul 3, 2012). "Dead donor's kin demand justice {{!}} Gurgaon News - Times of India".
26. (2013-10-07). "Was Justice JS Verma's death a case of medical negligence?".
27. Nanda Jha, Durgesh. (July 23, 2014). "DMC rules out negligence in ex-CJI's death".
28. Gupta, Siddhartha. (2014-04-27). "Gurgaon doctor held on charges of raping, molesting his sister".
29. (2018-03-29). "Father withdraws complaint, Medanta refunds ₹15 lakh". The Hindu.
30. Bhuyan, Anoo. "Health Ministry Brokers Rs 15 Lakh Refund to Bereaved Parents, Medanta Uses It as Hush-Money".
31. Bhuyan, Anoo. "Two Fathers Fighting Big Hospitals For Justice – But On Different Paths".
32. "Neglect whip on Medanta hospital".
33. Saxena, Akshita. (2019-09-18). "Sexual Harassment At Workplace: Hospital Fined 25 Lakh For Not Having ICC".
34. "ED Files PMLA Case Against Dr Naresh Trehan, Medanta Hospital".
35. Tiwary, Deeptiman. (2020-06-11). "ED files money laundering case against Medanta".
36. "Indore collector orders closure of Medanta hospital pharma shop".
37. (6 March 2017). "Medanta Hospital's air ambulance crashes near Bangkok, pilot dead, 2 doctors in ICU".
38. Scroll Staff. (7 March 2017). "Pilot killed as air ambulance of Gurgaon's Medanta Hospital crash lands in Thailand".
39. (2022-01-16). "Fire breaks out in ICU of private hospital in Indore; patients safe".
40. Singh, Antriksh. (January 17, 2022). "Close shave for patients after fire at Medanta hospital in Indore".