Sahyadri Hospitals says selling stake will not impact functioning of its hospital

He further adds that Deccan Hospital, located in Pune’s Deccan Gymkhana, is the only facility that operates under a charitable trust model. The structure and its legal obligations remain unchanged. The land on which Deccan Hospital operates is owned by the Pune Municipal Corporation (PMC) and was leased to the trust in 1998 under a 99-year agreement.

The lease agreement will have no bearing on the recent equity transaction. The land was leased to the trust upon payment of entire lease premium at the then prevailing market rate and payment of entire lease rent for 99 years.

“We also comply with the PMC agreement by offering free treatment to all patients referred by the Corporation. Over the past few years, this has averaged around 260 bed days annually, and not a single referred case has ever been denied. IPF benefits given to eligible patients will also continue. Our in-house social work department guides all eligible individuals through the necessary process to avail of subsidized or free care,” he said.

Khatu said, “We deeply value the trust placed in us by the people of Pune and Maharashtra. This equity transaction will not affect the access or availability of quality healthcare services at Deccan Hospital or any of our other hospitals in Maharashtra.”

“We urge the public not to be swayed by misinformation. Our doctors remain the pillars of this institution, and the compassionate, accessible care we offer to thousands of patients daily will continue with the same sincerity and purpose. We will continue to be a compliance-driven and patient-first institution, with no deviation from our founding mission,” he added.

On Wednesday, the Pune Municipal Corporation had served notice to Trust running Sahyadri hospital in Deccan seeking agreement copies with Manipal Hospitals and financial institutions citing the land was of PMC leased for the hospital for 99 years.

According to PMC, the hospital has given free treatment to 39 patients last year and three this year which were recommended by the civic body as per conditions laid to the Trust.