GE Healthcare, CTSI to develop cancer care network

Wednesday, March 26, 2014

GE Healthcare, a unit of General Electric Company, on Tuesday announced a partnership with Cancer Treatment Services International (CTSI) to develop a network of 25 cancer care centres in India. Through five years, the two companies will together invest $120 million (Rs 720 crore) to establish these centres, through a hub-and-spoke model.

It is expected CTSI will account for most of the investment.

John Dineen, president and chief executive, GE Healthcare, said, “To begin with, we will set up cancer care centres in Andhra Pradesh and expand these gradually across the country. CTSI is already operating a cancer care centre in Hyderabad. The focus of our partnership is to provide affordable cancer treatment in India.”

Source: Business Standard (link opens in a new window)

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