Mum: Parsi hospital may lose Rs 150cr donation

Mumbai | Friday | 16th November, 2018

Summary:

According to PGH, Medanta will pay Rs 12 crore annually for the first 30 years and if the period is extended, an annual amount of Rs 18 crore for the next 15 years. Ltd has stated that it will also terminate the agreement” if the “community issues are not sorted out” by March 2019. What can we expect from another new venture and rely on them to make profits and support our hospital,” said activist Zoru Bhathena. “More importantly, if they fail to run the venture, what are we going to do with the building?” Protesting members have strongly criticised the revenue-sharing model, terming it as not feasible.A ground-breaking ceremony was performed in 2016..