Wockhardt Hospitals Explained

Wockhardt Hospitals
Type:	Private
Industry:	Healthcare
Location:	Mumbai, Maharashtra, India^[1]
Key People:	Zahabiya Khorakiwala (MD)^[2]
Num Locations:	6
Num Employees:	2,500+
Revenue:	(FY23)
Operating Income:	(FY23)
Net Income:	(FY23)^[3]

Wockhardt Hospitals Ltd is an Indian for-profit private hospital network headquartered in Mumbai.^[4] The chain of hospitals is owned by the promoters of Wockhardt,^[5] a multinational pharmaceutical company.^[6] It has six hospitals across four western Indian cities–Mumbai, Nagpur, Nashik and Rajkot.^[3]

History

Wockhardt Hospitals started its first operations with a medical center in Kolkata in 1989 and a heart hospital in Bangalore two years later. The company was incorporated on 28 August 1991 under the Companies Act, 1956 as a public limited company, originally named First Hospitals and Heart Institute Limited.^[7] Wockhardt Hospitals were one of the early movers among corporate health-care chains in India.

On 11 September 2000, the name was changed to Wockhardt Health Sciences Limited and subsequently on 19 October 2000 the name was changed to Wockhardt Hospitals Limited.^[8]

In 2009, Wockhardt Hospitals sold 10 of its hospitals in Mumbai, Bangalore and Kolkata to Fortis Healthcare for 909 crore,^[9] which left it with seven multi speciality hospitals in Western India.^[8]

Timeline

• January 1990 Wockhardt Medical Centre, Kolkata
• March 1991 Wockhardt Hospital and Heart Institute, Bangalore
• July 1993 Wockhardt Hospital and Kidney Institute, Kolkata
• July 2002 Wockhardt Hospital, Mulund, Mumbai
• July 2004 Wockhardt Heart Hospital, Nagpur
• July 2005 Kamineni Wockhardt Hospital, Hyderabad^[10]
• January 2006 Wockhardt Hospital, Bannerghatta Road, Bangalore
• February 2006 Wockhardt Heart Centre, Hyderabad
• January 2007 N M Virani Wockhardt Hospital, Rajkot
• January 2007 Wockhardt Hospital, Chord Road, Bangalore
• April 2007 Sterling Wockhardt Hospital, Navi Mumbai
• June 2007 Wockhardt Hospital, Chord Road, Bangalore
• 2010 NUSI Wockhardt Hospitals, Goa^[11]
• 2014 Acquisition of Management and Operation of TUIMSAR, North Mumbai
• November 2014 New Age Wockhardt Hospitals, South Mumbai^{[12] [13]}

Associations

• Wockhardt-HMI HIV/AIDS Education and Research Foundation (WHARF) is a non-government organization established to provide training to healthcare professionals and counselors in India.^[14]

Notes and References

1. News: Singh . Khomba . Wockhardt to double number of hospitals by '08 . 16 February 2023 . The Economic Times . 16 February 2007.
2. News: The right prescription . 16 February 2023 . India Today . en.
3. News: Wockhardt Hospitals Limited . 2 March 2024 . CARE Ratings.
4. Web site: Exclusive: In conversation with Zahabiya Khorakiwala, MD, Wockhardt Hospitals . Zee Business.
5. Web site: Wockhardt Hospitals Ltd. Bloomberg L.P.. 2020-03-18.
6. News: Mehta . Nina . Wockhardt may sell key hospitals to Fortis . 16 February 2023 . The Economic Times . 6 June 2009.
7. Web site: Wockhardt Hospital focuses on the right approach for healthcare . biospectrumindia.com . en.
8. Web site: Khorakiwalas are now successfully rebuilding their hospital network. businesstoday.in. 7 January 2013 . 2019-07-11.
9. News: Unnikrishnan . C. H. . Wockhardt to sell 10 hospitals to Fortis . 2021-06-28 . mint . 2009-08-24 . en.
10. News: Kamineni-Wockhardt hospital deal in ICU . 16 February 2023 . The Times of India . 17 December 2009.
11. News: Balakrishnan . Reghu . Wockhardt Hospitals eyes Tier-II towns . 16 February 2023 . Business Standard India . 27 September 2013.
12. News: Wockhardt launches Mumbai tertiary care hospital, next stop at Delhi . 16 February 2023 . The Hindu Businessline . 6 November 2014 . en.
13. News: Sapam . Bidya . Wockhardt charts growth plan, to add two hospitals every year . 16 February 2023 . mint . 14 May 2015 . en.
14. Web site: WHARF.