Bangalore: HDFC Bank to extend financial support to Bagchi-Parthasarathy Hospital in IISc campus, pledges Rs 107.76 crore
Indian Institute of Science (IISc) Bengaluru said on Tuesday that HDFC Bank’s CSR wing, HDFC Bank Parivartan signed a memorandum of understanding with it on July 29, pledging support of Rs 107.76 crore for Cardiology, Radiology and Emergency Medicine wings of Bagchi-Parthasarathy Hospital being set up on the IISc campus.
The IISc is setting up an 832-bed non-profit multi-specialty hospital, called the Bagchi-Parthasarathy Hospital, as well as a postgraduate medical school at its Bengaluru campus. The hospital is expected to be fully functional by the end of 2024, while the first batch of medical/doctoral students will be admitted in 2025, sources said.
The cardiology wing is expected to accommodate at least 1,83,000 outpatients and 18,300 inpatients and train at least 20 super-specialist doctors by 2029. The radiology wing is expected to benefit approximately 4, 28,326 patients the first five years and train 20 super-specialist doctors. While the emergency medicine wing will benefit 56,304 patients and train 50 super-specialist doctors, a source told the private bank.
“The new hospital and medical school will not only strengthen the healthcare needs of the entire region, but also provide a new generation of medical researchers. HDFC Bank has always supported nation building activities and the impact of the medical school/hospital should set the tone for sustainable health goals and policies for the nation. It will serve as a model for clinical research and training that can be replicated across the country. We look forward to working closely with IISc Bangalore on this journey,” said Ashima Bhat, Group Head, ESG and CSR, Finance and Corporate Strategy, Administration and Infrastructure, HDFC Bank.
Professor Govindan Rangarajan, Director (IISc), said: “Having pursued excellence in scientific and technical research for 113 years, IISc has embarked on a new frontier of clinical research through the establishment of the Bagchi-Parthasarathy Hospital and IISc Faculty of Medicine. We are grateful to HDFC Bank for being a major partner in this new initiative and for supporting the establishment of three important wings: cardiology, radiology and emergency medicine in the hospital. We look forward to expanding this engagement with HDFC Bank to transform the future of healthcare in this country.