Artemis Medicare Services Limited will enter into a binding Memorandum of Understanding (MOU) with Dr. Vidya Sagar Kaushalya Devi Memorial Health Centre.
Upon completion of prescribed conditions, a Medical Services Agreement (MSA) will grant Artemis exclusive rights to operate, manage, and provide medical services at Vidyasagar Institute of Mental Health and Neuro & Allied Sciences (VIMHANS) in New Delhi.
Artemis is expected to invest approximately ₹550-600 crore in the project over the next 2-3 years, funded through internal accruals and debt financing.
Artemis will pay an advance of ₹50 crore on execution of the MOU to secure its right to enter into the MSA.