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Shalby fails to execute definitive agreement with Akshar PHC Realcon

27 May 2019 Evaluate

Shalby has failed to execute definitive agreement with Akshar PHC Realcon & other land owners for setting up hospital in Shalby Vadodara due to disagreement over commercial terms by Akshare PHC Realcon & other land owners. Hence, Company has dropped Shalby Vadodara project.

Earlier, the Company had executed a memorandum of understanding (MoU) with Shalby Vadodara land owners on April 14, 2017 for setting up 150 bedded hospital to be equipped with modern medical equipment in Vadodara.

Shalby is a chain of Multi-specialty tertiary care hospitals based out of Ahmedabad. It has combined bed strength of more than 700 beds with its multispecialty hospitals across Gujarat and Goa. To cater to specific needs of International Patients, the company has a dedicated International Patients Cell providing round the clock services to International Patients.

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