Wockhardt Hospitals: Difference between revisions

Wockhardt Hospitals
Company type	Private
Industry	Healthcare
Founded	1989; 36 years ago
Headquarters	Mumbai, Maharashtra, India
Number of locations	6
Key people	Zahabiya Khorakiwala (MD)
Revenue	₹579 crore (US$68 million) (FY23)
Operating income	₹31 crore (US$3.6 million) (FY23)
Net income	₹−87 crore (US$−10 million) (FY23)
Number of employees	2,500+
Website	www.wockhardthospitals.com

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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.^[2]

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]

References

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

[1] Singh, Khomba (16 February 2007). "Wockhardt to double number of hospitals by '08". The Economic Times. Retrieved 16 February 2023.

[Revenue-2] "Wockhardt Hospitals Limited" (PDF). CARE Ratings. Retrieved 2 March 2024.

[3] "The right prescription". India Today. Retrieved 16 February 2023.

[4] "Exclusive: In conversation with Zahabiya Khorakiwala, MD, Wockhardt Hospitals". Zee Business.

[5] "Wockhardt Hospitals Ltd". Bloomberg L.P. Retrieved 18 March 2020.

[6] Mehta, Nina (6 June 2009). "Wockhardt may sell key hospitals to Fortis". The Economic Times. Retrieved 16 February 2023.

[7] "Wockhardt Hospital focuses on the right approach for healthcare". biospectrumindia.com.

[rebuild-8] "Khorakiwalas are now successfully rebuilding their hospital network". businesstoday.in. 7 January 2013. Retrieved 11 July 2019.

[9] Unnikrishnan, C. H. (24 August 2009). "Wockhardt to sell 10 hospitals to Fortis". mint. Retrieved 28 June 2021.

[10] "Kamineni-Wockhardt hospital deal in ICU". The Times of India. 17 December 2009. Retrieved 16 February 2023.

[11] Balakrishnan, Reghu (27 September 2013). "Wockhardt Hospitals eyes Tier-II towns". Business Standard India. Retrieved 16 February 2023.

[12] "Wockhardt launches Mumbai tertiary care hospital, next stop at Delhi". The Hindu Businessline. 6 November 2014. Retrieved 16 February 2023.

[13] Sapam, Bidya (14 May 2015). "Wockhardt charts growth plan, to add two hospitals every year". mint. Retrieved 16 February 2023.

[14] "WHARF".

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@@ Line 1: / Line 1: @@
+{{Short description|Indian hospital chain}}
+{{Cleanup-PR|1=article|date=August 2022}}
 {{Use British English|date=March 2013}}
-{{Use dmy dates|date=March 2013}}
+{{Use dmy dates|date=July 2022}}
-{{advert|date=October 2013}}
 {{Infobox company
-|  name   = Wockhardt Hospitals
+| name                = Wockhardt Hospitals
+| logo                = New Logo of Wockhardt Hospitals.png
-|  type   = Public
+| foundation          = {{Start date and age|1989}}
-|  logo   = New Logo of Wockhardt Hospitals.png
+| type                = [[Privately held company|Private]]
-|  foundation     = 1989
-|  industry       = Healthcare
+| industry            = [[Healthcare]]
+| location            = [[Mumbai]], [[Maharashtra]], India<ref>{{cite news |last1=Singh |first1=Khomba |title=Wockhardt to double number of hospitals by '08 |url=https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/wockhardt-to-double-number-of-hospitals-by-08/articleshow/1625662.cms |access-date=16 February 2023 |work=The Economic Times |date=16 February 2007}}</ref>
-|  location       = [[Mumbai]], [[India]]
+| key_people          = Zahabiya Khorakiwala (MD)<ref>{{cite news |title=The right prescription |url=https://www.indiatoday.in/magazine/supplement/story/20130218-the-right-prescription-762001-2013-02-06 |access-date=16 February 2023 |work=India Today |language=en}}</ref>
-|  key_people     = Zahabiya Khorakiwala, MD <br />Anupam Verma, President
+| num_locations       = 6<ref name="Revenue"/>
-|  Specialities   = Heart Care, Bone & Joint, Brain & Spine
-|  num_employees  = 2,500+
+| num_employees       = 2,500+
+| revenue             = {{decrease}} {{INRConvert|579|c}} (FY23)<ref name="Revenue"/>
+| operating_income    = {{decrease}} {{INRConvert|31|c}} (FY23)<ref name="Revenue"/>
+| net_income          = {{negative increase}} {{INRConvert|-87|c}} (FY23)<ref name="Revenue">{{cite news |title=Wockhardt Hospitals Limited |url=https://www.careratings.com/upload/CompanyFiles/PR/202310131007_Wockhardt_Hospitals_Limited.pdf |access-date=2 March 2024 |work=CARE Ratings}}</ref>
+| website             = {{URL|https://www.wockhardthospitals.com}}
 }}
+'''Wockhardt Hospitals Ltd''' is an Indian [[For-profit hospital|for-profit]] [[Private hospital|private]] [[hospital network]] headquartered in [[Mumbai]].<ref>{{cite web |title=Exclusive: In conversation with Zahabiya Khorakiwala, MD, Wockhardt Hospitals |url=https://www.zeebiz.com/india/video-gallery-exclusive-in-conversation-with-zahabiya-khorakiwala-md-wockhardt-hospitals-88407 |website=Zee Business}}</ref> The chain of hospitals is owned by the promoters of [[Wockhardt]],<ref>{{Cite web|url=https://www.bloomberg.com/profile/company/WHLT:IN|title= Wockhardt Hospitals Ltd|publisher=Bloomberg L.P.|access-date=2020-03-18}}</ref> a multinational pharmaceutical company.<ref>{{cite news |last1=Mehta |first1=Nina |title=Wockhardt may sell key hospitals to Fortis |url=https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/wockhardt-may-sell-key-hospitals-to-fortis/articleshow/4623479.cms |access-date=16 February 2023 |work=The Economic Times |date=6 June 2009}}</ref> It has six hospitals across four [[western India]]n cities–[[Mumbai]], [[Nagpur]], [[Nashik]] and [[Rajkot]].<ref name="Revenue"/>
-'''Wockhardt Hospitals''' are one of the tertiary care, super speciality healthcare networks in [[India]] offering healthcare services. The chain of hospitals is owned by the parent company [[Wockhardt]] Ltd., India's 5th largest Pharmaceutical and Healthcare company with a presence in 20 countries across the globe. Wockhardt hospitals, originally called First hospitals and Heart Institute, were one of the early movers among corporate health-care chains in [[India]].  The company was established in 1989 and it started its first operations with a medical center in Kolkata, 1989 and a heart hospital in Bangalore two years later.  Today the company has its presence across [[India]] with 9 multi speciality hospital networks.<ref>{{cite web|url=http://www.wockhardthospitals.com/about-wockhardt-hospitals|title=About us}}</ref>
+==History==
-Wockhardt Hospitals was incorporated on 28 August 1991 under the Companies Act, 1956 as a public limited company. The Company was originally named
+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.<ref>{{cite web |title=Wockhardt Hospital focuses on the right approach for healthcare |url=https://www.biospectrumindia.com/news/79/12214/wockhardt-hospital-focuses-on-the-right-approach-for-healthcare.html |website=biospectrumindia.com |language=en}}</ref> Wockhardt Hospitals were one of the early movers among corporate health-care chains in India.
-First Hospitals and Heart Institute Limited. 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.
+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.<ref name="rebuild">{{Cite web|url=https://www.businesstoday.in/magazine/features/khorakiwalas-wockhardt-hospitals/story/191158.html|title=Khorakiwalas are now successfully rebuilding their hospital network|website=businesstoday.in|date=7 January 2013 |access-date=2019-07-11}}</ref>
-==Network Hospitals==
+In 2009, Wockhardt Hospitals sold 10 of its hospitals in Mumbai, Bangalore and Kolkata to [[Fortis Healthcare]] for {{INR}}909 crore,<ref>{{cite news |last1=Unnikrishnan |first1=C. H. |title=Wockhardt to sell 10 hospitals to Fortis |url=https://www.livemint.com/Companies/wlYcjJ89sOLhwwmUhu1qtI/Wockhardt-to-sell-10-hospitals-to-Fortis.html |access-date=2021-06-28 |work=mint |date=2009-08-24 |language=en}}</ref> which left it with seven multi speciality hospitals in Western India.<ref name="rebuild"/>
+===Timeline===
 *'''January 1990''' Wockhardt Medical Centre, Kolkata
 *'''March 1991''' Wockhardt Hospital and Heart Institute, Bangalore
@@ Line 25: / Line 33: @@
 *'''July 2002''' Wockhardt Hospital, Mulund, Mumbai
 *'''July 2004''' Wockhardt Heart Hospital, Nagpur
+*'''July 2005''' Kamineni Wockhardt Hospital, Hyderabad<ref>{{cite news |title=Kamineni-Wockhardt hospital deal in ICU |url=https://timesofindia.indiatimes.com/business/india-business/kamineni-wockhardt-hospital-deal-in-icu/articleshow/5346051.cms |access-date=16 February 2023 |work=The Times of India |date=17 December 2009}}</ref>
-*'''July 2005''' Kamineni Wockhardt Hospital, Hyderabad
 *'''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, New Mumbai
+*'''April 2007''' Sterling Wockhardt Hospital, Navi Mumbai
 *'''June 2007''' Wockhardt Hospital, Chord Road, Bangalore
+*'''2010''' NUSI Wockhardt Hospitals, Goa<ref>{{cite news |last1=Balakrishnan |first1=Reghu |title=Wockhardt Hospitals eyes Tier-II towns |url=https://www.business-standard.com/article/companies/wockhardt-hospitals-eyes-tier-ii-towns-113092200464_1.html |access-date=16 February 2023 |work=Business Standard India |date=27 September 2013}}</ref>
-*'''2010''' NUSI Wockhardt Hospitals, Goa
 *'''2014''' Acquisition of Management and Operation of TUIMSAR, North Mumbai
+*'''November 2014''' New Age Wockhardt Hospitals, South Mumbai<ref>{{cite news |title=Wockhardt launches Mumbai tertiary care hospital, next stop at Delhi |url=https://www.thehindubusinessline.com/companies/Wockhardt-launches-Mumbai-tertiary-care-hospital-next-stop-at-Delhi/article20904117.ece |access-date=16 February 2023 |work=The Hindu Businessline |date=6 November 2014 |language=en}}</ref><ref>{{cite news |last1=Sapam |first1=Bidya |title=Wockhardt charts growth plan, to add two hospitals every year |url=https://www.livemint.com/Companies/tpgjR4Y3jmsmaeLxq5K5CN/Wockhardt-charts-growth-plan-to-add-two-hospitals-every-yea.html |access-date=16 February 2023 |work=mint |date=14 May 2015 |language=en}}</ref>
-*'''November 2014''' New Age Wockhardt Hospitals, South Mumbai
-==Accreditations and 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.<ref>{{cite web|url=http://www.moneycontrol.com/news/business/wockhardt-hmi-hivaids-research-launches-wharf-youth_229723.html|title=WHARF}}</ref>{{clear}}
-==Core specialities==
-'''Heart Care'''
-Wockhardt hospitals houses heart rehabilitation programs, interventional cardiac procedures, [[cardiothoracic surgery]] procedures, paediatric cardio-surgery, emergency [[heart attack]] care many more heart care medical services and offerings.
-'''Bone & Joint Care'''
-Total knee replacement, total hip replacement, paediatric [[orthopaedics]], sports medicine, orthopaedic [[oncology]], etc.
-'''Brain & Spine Care'''
-Non-surgical neurological services like management of [[headache]]s, [[dementia]], [[infection]]s, [[stroke]] and [[Physical medicine and rehabilitation|rehabilitation]], Parkinson's disease, [[Alzheimers disease]], etc. Surgical services include [[microsurgery]] for brain, [[spinal tumor]], endoscopic brain surgery, brain surgery for [[epilepsy]], spine trauma, etc.
-'''Digestive Care'''
-The Department of Surgical Gastroenterology at Wockhardt Hospitals offers wide variety of diagnostic & therapeutic procedures for all diseases related to [[gastrointestinal tract]], [[liver]] and [[pancreas]].
-'''Urology & Nephrology'''
-Surgical subspecialty that tackles diseases involving the male and female [[urinary tract]], the [[male reproductive system]], and the female pelvic floor.
-'''Aesthetic Care'''
-Wockhardt Institute of Aesthetics, a branch of [[cosmetic surgery]] treatments of Wockhardt Hospitals, offers affordable [[plastic surgery]]. Some of the offerings are: face procedures including [[browplasty]] (browlift), [[blepharoplasty]] (eyelid surgery), [[rhinoplasty]] (nose job), [[rhytidectomy]] (facelift), [[botox]], alloplastic augmentation ([[facial implant]]s), hair transplant, etc.
-Body contouring treatments like [[liposuction]], [[abdominoplasty]], [[vaginoplasty]] (also known as v-tuck, a procedure to tighten vaginal muscles).
-'''Gynaecology & Obstetrics'''
-Provides investigative, treatment and emergency services for a whole range of obstetric and gynaecological conditions.
+==Associations==
-'''Oncology'''
+*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.<ref>{{cite web|url=http://www.moneycontrol.com/news/business/wockhardt-hmi-hivaids-research-launches-wharf-youth_229723.html|title=WHARF}}</ref>
 ==References==
-{{reflist|33em}}
+{{Reflist}}
+{{Authority control}}
-==External links==
-* http://businesstoday.intoday.in/story/khorakiwalas-wockhardt-hospitals/1/191158.html
-* http://articles.economictimes.indiatimes.com/2012-08-22/news/33322476_1_wockhardt-hospitals-zahabiya-wockhardt-group
 [[Category:Hospital networks in India]]
+[[Category:Hospitals in India]]
+[[Category:1989 establishments in Maharashtra]]
+[[Category:Companies based in Mumbai]]
+[[Category:Hospitals in Mumbai]]
+[[Category:Indian companies established in 1989]]