Media Release

Mangaluru, Jun 7: Srinivas Institute of Medical Sciences and Research Centre and New Mangalore Port Authority (NMPA) signed a concession agreement on Friday June 7 at Hotel Saffron here.

Chief guest of the programme, New Mangalore Port Authority (chairperson Dr Venkata Ramana Akkaraju said, “Health is essential for living a happy life. With its large population, India aims to boost the nation's economy. Business is crucial, but the health of the citizens is equally important. Public-Private Partnerships (PPPs) in the health sector are vital due to India's substantial population.”

Srinivas University chancellor Dr CA A Raghavendra Rao presided over the programme and said, “My ambition is to provide quality treatment and all necessary facilities as soon as possible. A 24/7 service will be offered without compromising the quality of care.”

Chief guest of the programme medical health and family welfare officer (DHO) of Mangaluru Dr H R Thimmaiah said, “Life will be better if we change our hobbies and habits. If there is a problem in life, there is no need to change the boat, if you change the direction, you can reach the goal.”

Srinivas University pro-chancellor Dr A Srinivas Rao said, “We are pleased to associate with NMPA. Health is indeed wealth, and after the impact of COVID, everyone recognises the importance of health. We will serve society by enhancing the facilities in our hospital.”

NMPA financial advisor and chief accounts officer Vinayak Rao B S said, “We identified a shortage of doctors and equipment, leading us to consider operating a primary health center. Concurrently, the government also recognized the need for private partnership arrangements in every port. Thus, we conceived the idea for this hospital, which is set to benefit everyone.”

Srinivas University pro-chancellor Dr A. Srinivas Rao and chief medical officer of NMPA Hospital Dr Surekha N. Hoskeri signed the concession agreement. Srinivas University Board of governors trustee members A Vijayalakshmi R Rao and Prof A Mitra S Rao, Meghana S Rao, Samana S Rao, Srinivas University evaluation registrar Dr Srinivas Mayya D, and all deans were present.
Srinivas University development registrar Dr Ajay Kumar welcomed the gathering, and Srinivas Hospital medical superintendent Dr David Rosario delivered the vote of thanks. Srinivas University registrar Dr. Anil Kumar compered the programme.

About the concession agreement

Srinivas Institute of Medical Sciences and Research Centre has been awarded the tender to operate and maintain the existing 32-bed hospital run by union government-owned New Mangalore Port Authority and build a 150-bed multi-speciality hospital on port land.

Srinivas Institute of Medical Sciences and Research Centre, set up by the A Shama Rao Foundation in 2010, runs a medical college and medical centre at Mukka, Surathkal in Mangaluru. It is affiliated with Bengaluru-based Rajiv Gandhi University of Health Sciences and is recognised by the Medical Council of India.

Srinivas Institute of Medical Sciences and Research Centre will have the exclusive right and license to operate and maintain the existing 32-bed hospital for two years and to construct, operate and maintain the 150-bed multi-speciality hospital on three acres of port land on public-private-partnership (PPP) for sixty years.

The hospital will provide health care services to port employees, Central Industrial Security Force (CISF), retired personnel and their dependents as well as non-New Mangalore Port Authority patients residing in the nearby areas of the port.

The New Mangalore Port Authority’s 32-bed hospital offers OPD and diagnostic services to its patients (New Mangalore Port Authority beneficiaries). The existing hospital built on 1.3 acres will be managed by the Srinivas Health Care Port Hospital Pvt Ltd a SPV promoted by Srinivas Institute of Medical Sciences and Research Centre. It will be returned to the port authority after the new multi-specialty hospital starts operations.

The project will rationalize the annual medical expenditure incurred on the treatment of port employees. It will also provide healthcare to the nearby population residing within a 5 km radius at Panambur, Baikampady, Kulai, Surathkal etc and will contribute towards the employment of specialists, doctors, pharmacists, nursing staff and other para-medical staff etc.