250-bed tertiary care hospital for Faisalabad residents Shifa, Interloop sign MoU to provide state-of-the-art health facilities


Zubair Qureshi

Shifa International Hospitals Limited (Shifa) joins hands with Interloop Holdings (Pvt) Limited (Interloop) to build a 250-bed tertiary care hospital to provide specialized healthcare facilities to the residents of Faisalabad and surrounding areas. The total project cost is Rs 4.2 billion which will be managed by Rs 2.86 billion as equity investment while Rs 1.34 billion through debt financing.
In this regard, a Memorandum of Understanding (MoU) was signed on Monday.
Speaking on the occasion Chairman BOD Shifa Habibur Rahman emphasized that Shifa envisioned to focus on capacity building through professional human capital, investing into latest medical technologies, good corporate governance, and health financing to further strengthen healthcare delivery systems to benefit people of Pakistan.
CEO of Shifa Dr ManzoorH Qazi mentioned that a new and modern hospital will be instrumental to serve larger populations of Faisalabad and surrounding cities as well. In this regard, he said, that first such agreement was signed between Shifa &Interloop in December 2019 to invest in the equity of Shifa Medical Center Islamabad (Private) Limited, as a day care ambulatory center in Islamabad.
He also thanked HBL team which played a key role in facilitating investment and financing arrangement between Shifa and Interloop.
Chairman &CEO Interloop Holdings (Pvt.) Limited Musadaq Zulqarnain, reiterated that Interloop believed in contributing to the society and communities by investing into ethical and sustainable business models. He further said that Interloop, having its origin from Faisalabad, was duty-bound to bring state of the art health facilities for the people of Faisalabad.
Starting in 1993, Shifa International Hospital, a flagship project at sector H-8 Islamabad, is a 550+ Bed facility, providing comprehensive diagnostic, outpatient and inpatient services in all major clinical specialties. Shifa has been offering multi-specialty organ transplant services such as Liver, Kidney, Bone Marrow and Cornea. Since 1994, Shifa is the only corporate sector tertiary care hospital listed on Pakistan Stock Exchange (PSX) and being ranked among top 25 companies of Pakistan in 2016 & 2017.