New Delhi, Dec 3 (PTI) Healthcare provider Narayana Hrudayalaya has joined hands with Ritesh Properties and Industries to set up a 225-bed multi-specialty hospital in Ludhiana, Punjab.

As per a joint statement issued by the two companies, the hospital would come up at the Ludhiana-Chandigarh highway.

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Spread over 2 lakh square feet, the the hospital is expected to be operational by 2024.

"We at Narayana believe in bringing the best-in-class healthcare facilities affordable to all. With this vision we are setting up our new multi-speciality Hospital in Ludhiana. We are delighted to collaborate with Ritesh Properties & Industries Ltd, since their energy aligns with the project," Narayana Hrudayalaya Northern Region Director Navneet Bali said.

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Ritesh Properties and Industries Managing Director Sanjeev Arora stated that the company has collaborated with Narayana Hrudayalaya with a vision to work towards making healthcare affordable and accessible to all.

"We believe that this project has opened doors for various future partnerships with Narayana Hrudayalaya, which will strengthen our vision to provide quality and low-cost healthcare to all," he added

The sheer size of this project will act as a catalyst and contribute in generating more jobs, as well as build a complete ecosystem, which will enable overall development of the catchment areas, Arora noted.

Ritesh Properties and Industries Ltd (RPIL) has a presence in real estate and fashion industry verticals.

The Bengaluru-based Narayana Hrudayalaya was founded by Devi Prasad Shetty in 2000. It is one of the leading healthcare service providers in India, operating a chain of multispecialty, tertiary and primary healthcare facilities.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)