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Narayana Hrudayalaya Hospitals Teams With Ascension Health Alliance to Build Health City at Grand Cayman
Date:4/10/2012

GRAND CAYMAN, Cayman Islands, April 10, 2012 /PRNewswire/ -- Narayana Hrudayalaya Hospitals of India has entered into a partnership with Ascension Health Alliance of the United States to bring innovative healthcare services to the Cayman Islands.

Narayana Hrudayalaya Hospitals (NH) is led by Chairman and Managing Director Dr. Devi Prasad Shetty, a world-renowned cardiovascular surgeon with extensive experience in providing high-quality/low-cost healthcare at medical facilities in India. Ascension Health Alliance is a Catholic healthcare organization dedicated to the transformation of healthcare through excellent clinical care throughout the continuum and through innovation. Its subsidiaries include Ascension Health, the United States' largest Catholic and largest nonprofit health system.

The agreement advances Dr. Shetty's vision of building a healthcare city in Grand Cayman, the largest of the three islands comprising the Cayman Islands. This groundbreaking initiative will enhance medical care for not only the island, but the Caribbean region and the Americas as well.

"Ascension Health has been working with Dr. Shetty for two years to explore ways to adapt his success at providing high-quality healthcare at low cost," said Anthony R. Tersigni, President and Chief Executive Officer of Ascension Health Alliance. "We're excited to be part of this venture. Together, we are committed to bring first-rate healthcare provided in a world-class setting."

The Health City is an approximately $2 billion project that is scheduled to break ground in August. It will be built in phases over 15 years on a 200-acre site, and will include a tertiary-care hospital, an educational facility, a biotech park and an assisted living community. Phase one will be approximately 140 beds expected to open in early 2013.  The hospital will seek accreditation by Joint Commission International (JCI), the international arm of The Joint Commission and the global lea
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