Maple Leaf’s subsidiary Novacare to build $110m hospital

March 11, 2024 (MLN): Novacare Hospitals (Private) Limited, a wholly owned subsidiary of Maple Leaf Cement Factory Limited (PSX: MLCF), will start constructing a state-of-the-art hospital in Islamabad with a total investment of $110 million.

According to a notice issued by MLCF on the local bourse today, the company has signed an international affiliation agreement with Imperial College Healthcare NHS Trust, a leading UK teaching hospital group.

The hospital will be located on a 50-kanal plot in DHA Phase-V, Islamabad.

The 250-bed hospital will have a covered area of 550,000 square feet and will provide comprehensive tertiary healthcare across 28 clinical services.

The hospital is being designed by HKS Inc., a leading global design firm.

As a result of its affiliation with Imperial College Healthcare, Novacare will benefit from the expertise of a leading UK teaching hospital group.

Novacare will gain expert advisory input from Imperial College Healthcare on models of care, services, and staffing, and aims to implement their clinical standards and protocols.

Through these measures, Novacare intends to achieve the same standards of healthcare as is delivered at Imperial College Healthcare's five London hospitals.

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