05-19-2007, 11:19 PM
<b>HC clears Trehan's way in Escorts </b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->........
âMy contract is for 20-years, which is why I came from America. I spent my own money, blood and resources to build this hospital where it stand today. Who are they to stop me from treating these patients,â said Trehan.
..........
.........
My brother was to be operated upon today. This morning we were told it won't happen as Dr Trehan has left,â said Anil Garg Patient's relative.
âThis so called heart institute is known for Dr Trehan. Escort is just the building but the institute is that of Dr Trehan. If he is out, then there is nothing more is left in the institute,â said another patientâs family member.
The high drama at Escorts isnât over yet. Most doctors are supporting Dr Trehan so the Fortis management clearly has a mutiny at its hand. And the next few days will determine who wins this battle of nerves.
<!--QuoteEnd--><!--QuoteEEnd-->
This is sad. End of fine hospital. Good warning to those who are thinking to go back. Rambaxy is making money. Nanda made good profit after selling its stake. They bought land and permits on charitable basis at a very low rate and made profit out of it. Govt should put restriction on current owners. They should be forced to keep it charitable basis.
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->The process of "corporatisation'' of the Escorts Heart Institute and Research Centre Ltd (EHIRC) - promoted by the Nanda family in 1983-84 as a charitable society - had commenced in 2000, when it was converted into a company.
However, the recent fissures that have developed between Mr Rajan Nanda and his younger brother, Mr Anil Nanda, seem to be centred around the future course of the healthcare business.
The genesis of the rift over the healthcare business dates back to June 2003, when the Escorts board decided to divest 17.1 per cent of its 80 per cent equity in EHIRC.
Mr Rajan Nanda (through investment companies) and Dr Naresh Trehan each hold 10 per cent equity in it.
While the ostensible reason for the company's decision was to bring a strategic investor, Merlion India Fund, on board to generate funds for expansion, Mr Anil Nanda, Vice-Chairman and Managing Director, Escorts Ltd, fears that the institution will lose its "charitable" character and "should be reverted to the original status of being a charitable institution."
<!--QuoteEnd--><!--QuoteEEnd-->
âMy contract is for 20-years, which is why I came from America. I spent my own money, blood and resources to build this hospital where it stand today. Who are they to stop me from treating these patients,â said Trehan.
..........
.........
My brother was to be operated upon today. This morning we were told it won't happen as Dr Trehan has left,â said Anil Garg Patient's relative.
âThis so called heart institute is known for Dr Trehan. Escort is just the building but the institute is that of Dr Trehan. If he is out, then there is nothing more is left in the institute,â said another patientâs family member.
The high drama at Escorts isnât over yet. Most doctors are supporting Dr Trehan so the Fortis management clearly has a mutiny at its hand. And the next few days will determine who wins this battle of nerves.
<!--QuoteEnd--><!--QuoteEEnd-->
This is sad. End of fine hospital. Good warning to those who are thinking to go back. Rambaxy is making money. Nanda made good profit after selling its stake. They bought land and permits on charitable basis at a very low rate and made profit out of it. Govt should put restriction on current owners. They should be forced to keep it charitable basis.
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->The process of "corporatisation'' of the Escorts Heart Institute and Research Centre Ltd (EHIRC) - promoted by the Nanda family in 1983-84 as a charitable society - had commenced in 2000, when it was converted into a company.
However, the recent fissures that have developed between Mr Rajan Nanda and his younger brother, Mr Anil Nanda, seem to be centred around the future course of the healthcare business.
The genesis of the rift over the healthcare business dates back to June 2003, when the Escorts board decided to divest 17.1 per cent of its 80 per cent equity in EHIRC.
Mr Rajan Nanda (through investment companies) and Dr Naresh Trehan each hold 10 per cent equity in it.
While the ostensible reason for the company's decision was to bring a strategic investor, Merlion India Fund, on board to generate funds for expansion, Mr Anil Nanda, Vice-Chairman and Managing Director, Escorts Ltd, fears that the institution will lose its "charitable" character and "should be reverted to the original status of being a charitable institution."
<!--QuoteEnd--><!--QuoteEEnd-->