Security company Secom Co. and trader Toyota Tsusho Corp. said Monday they will launch a hospital complex in Bangalore, India, in partnership with local conglomerate Kirloskar Group.
The firms are planning to complete the procedure for setting up a joint venture by the end of June to run the hospital, which is set to open next April.
It will be the first hospital in India run by Japanese companies, Secom and Toyota Tsusho officials said. Secom plans to operate more hospitals in the country in the future.
The joint venture will be capitalized at 1.3 billion rupees (¥1.8 billion), of which 40 percent will be provided by Secom, 25.4 percent by Toyota Tsusho and 34.6 percent by Kirloskar.
Secom Medical System Co. will offer its knowhow on hospital management, the officials said. The subsidiary has ties with 18 medical facilities in Japan.
The Bangalore hospital will provide a range of services such as neurosurgery, orthopedics, pediatrics and internal medicine.
It will also operate a rehabilitation center to help traffic accident patients recover from injury, as the number of traffic accidents in the country has been on the rise in recent years.