Aster DM to set up $100m hospital in Cayman IslandsJanuary 5, 2021
Aster DM Healthcare is planning to invest around USD 100 million (over Rs 730 crore) to set up a tertiary care hospital in Cayman Islands.
The healthcare services provider has signed an agreement with the government of Cayman Islands to establish a clinical excellence hub there to serve the Caribbean Region, North America, Canada, Latin and South America, Aster DM Healthcare said in a statement.
The company will initially develop around 150-bed tertiary and quaternary care hospital, that can be expanded in the future based on need, alongside an assisted living facility and healthcare university in the long-term, it added.
The Cayman Islands, located in the Western Caribbean, has a growing flight network and first-class tourism infrastructure. Just over an hour by air from Miami, it appears perfectly placed to become a regional hub for medical tourism bringing much-needed accessibility and affordability for tertiary and quaternary care for Caribbean nations, whilst offering a viable alternative to local care in expensive health systems such as the United States.