TR Life Sciences extend support to transform Healthcare projects; Signs Five MoUs for Creating World Class Facilities

• Celebrating its fifth anniversary, TR Life Sciences signed five MoUs for restructuring and re-inventing healthcare projects in Delhi, Bihar, and North East

• MoUs aim to address the challenges wider Gap in Doctors to patient Ratio, Huge shortage of Nurses, Technical, pharmacy, and other hospital manpower in the regions

New Delhi, April 12, 2023

With proven expertise and experience in transforming the healthcare delivery systems in the country and Nepal, TR Life Sciences, a leading Indian healthcare consultancy firm, has recently signed five Memorandum of Understanding (MoUs) with health projects in Delhi, Bihar, East and North Eastern part of India to create world-class facilities.

Celebrating its fifth anniversary in New Delhi, TR Life Sciences signed five MoUs for restructuring and re-inventing healthcare projects which included the expansion of Delhi-based Brahm Shakti Hospital, and the MOU was signed by its Managing Director Mr. BR Sharma. Another MoU was signed by Mr. Deepak Agarwal, Managing Director, DE Group for developing a chain of diagnostic centers in the Eastern region of India. An MoU was also signed with Mr. Asitav Sinha for developing a Medical, Nursing, and Pharmacy college in the North East region of India to transform the existing facilities and expand capacity. In addition to these three, two MoUs were also signed for Bihar which include a 150-bed Hospital Project in Darbhanga and the expansion of Rina Devi Memorial Hospital & Medical, Nursing & Pharmacy College in Mohania. The MoUs with two leading hospital owners of Bihar aim to establish two new state-of-the-art hospitals there.

The MoUs represent a major milestone in the healthcare sector in different parts of the country. The new health projects will offer cutting-edge healthcare services and technologies, including advanced diagnostic equipment and world-class medical facilities. The health institutions will be equipped with state-of-the-art infrastructure and will be staffed by highly qualified and experienced medical professionals.

Dr. Gopal Sharan, MD, TR Life Sciences, who signed the MoUs on behalf of his company, said, “We are delighted to announce the signing of these MoUs. These new hospitals will be a significant addition to the healthcare infrastructure of the region, and will offer patients access to the latest medical technologies and treatments.”

With the help of the expertise and experience of TR Life Sciences, these new projects will not only provide state-of-the-art healthcare services with well-planned medical colleges and hospitals but also create numerous job opportunities for healthcare professionals in the region. Additionally, they will help to reduce the burden on existing healthcare facilities, providing patients with greater access to healthcare services.

According to healthcare leaders and experts, the Indian healthcare sector is one of the fastest growing sectors with a high contribution not only in terms of revenue but also employment as it employs 4.7 million people. Hospitals or providers are the backbones of the sector and account for 80% of the total healthcare market. Niti Aayog projects the hospital industry to reach $132 bn by 2023 with a CAGR of 16-17%. With rising dual disease burden-Communicable like COVID-19, Flue, and H1NI among others and non-Communicable- the healthcare sector needs robust infrastructure, capacity building, human resources, and a rational regulatory framework.

“In Tier II and III cities and rural areas of India, there is a significant shortage of healthcare professionals, including doctors, nurses, and other healthcare professionals. We need well-equipped medical and nursing colleges, hospitals, and diagnostic centers in these areas to improve healthcare outcomes in these areas. Our partnerships ultimately aim to improve healthcare delivery systems,” added Dr. Sharan.

The MoU signing event marks the beginning of a long-term partnership between healthcare providers and the consulting firm as they work towards delivering world-class healthcare services to patients not only in Darbhanga and Mohania in Bihar but in other cities/regions of East and North East India too.

TR Life Sciences remains committed to supporting the growth and development of the healthcare sector in India and will continue to partner with leading healthcare providers to improve access to quality healthcare services for all.