American Real Estate to set up three multi-specialty hospitals in India

MUMBAI: US-based American Real Estate plans to open three multi- specialty hospitals and small clinics in Maharashtra, Gujarat and Madhya Pradesh.
"We are looking at setting up 500-bed hospitals each in Gujarat, Maharashtra and Madhya Pradesh. We have identified land near Surat in Gujarat and Indore in Madhya Pradesh," American Real Estate CEO Hasan Merchant told reporters here today.

The company is also looking at setting up clinics in smaller towns of these three states, Merchant said, adding he will be meeting Chief Minister Narendra Modi to discuss investment plans in Gujarat.

Merchant is heading three leading corporations in Chicago engaged in medical clinics and real estate activities.

Merchant recently launched Merchant Capital Fund in US market to manage investors' fund.

Merchant is now looking at launching international business solutions to help large corporations in US seeking SAP engineers from India. He is looking at providing seed money for start up companies in India and setting up joint venture projects or acquire small IT companies.