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Axis Bank, India’s third largest private sector bank, has signed a Memorandum of Understanding (MoU) with the Indian Institute of Science (IISc) to establish a dedicated paediatrics wing of the new Bagchi-Parthasarathy Hospital to be commissioned in 2024 end.
The 800-bed facility within its campus on a total of 25 acres is being positioned as the advanced digitally driven medical centre that will integrate science, engineering and medicine under a single roof.
The Axis Bank Paediatrics Wing will be equipped with the latest technology in neonatal care and will have twenty state-of-the-art neonatal ICU (NICU) beds for the care of critically-ill neonates. The dedicated wing will also enable postgraduate students to undergo world-class training in paediatrics care and further contribute to the development of innovative solutions in this field. This will take forward the IISc Medical School’s culture of creating a generation of physician-scientists, capable of melding clinical care with cutting-edge research. The Axis Bank Paediatrics Wing is expected to be operational by early 2025.
In this regard, Axis Bank has now signed an MoU with IISc, Bengaluru, pledging to dedicate the paediatrics wing at IISc’s new Bagchi-Parthasarathy Hospital.
Prof Govindan Rangarajan, director, IISc, said, “We thank Axis Bank for partnering with us in our quest to push the frontiers of clinical research through the establishment of the Axis Bank Paediatrics Wing. Innovation in neonatal and pediatric care is the need of the hour in a fast-developing country like India. Axis Bank’s support of the paediatrics wing at IISc will contribute to securing the health of our country’s future generations.”
Subrat Mohanty, group executive, Axis Bank, said that by partnering with the Indian Institute of Science, India’s premier research institution, for the paediatrics wing at the Bagchi-Parthasarathy Hospital, our aim is to achieve excellence in clinical research in the field of paediatrics and neonatal care that is critical for India.
The Bagchi-Parthasarathy Hospital, which did its ground breaking in June this year, has clinical and surgical departments which will facilitate comprehensive treatment across oncology, cardiology, neurology, endocrinology, gastroenterology, nephrology, urology, dermatology and plastic surgery, organ transplant, robotic surgery, ophthalmology, and so on. The hospital will also implement digital technologies like artificial intelligence among others for integrated electronic medical records, telemedicine suite with haptics interfaces. The medical college starts in 2025 will have 70 faculty hired in 2024 with 70 students where fee is government prescribed.
The hospital has received the funding of Rs. 425 crore for the project, designed by the Ahmedabad-based architect Archi Medes (I) Consultants where philanthropists Susmita and Subroto Bagchi, chairman, Odisha Skill Development Authority along with Radha and N S Parthasarathy, managing partner, Mela Ventures provided the financial assistance.
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