Medine is investing Rs 2 billion in a 110-bed multi-disciplinary private hospital in Cascavelle, Mauritius. The new hospital will offer primary healthcare services and new specialties, and is in line with Medine Group’s new territorial brand, ‘The West’. Construction works are expected to begin in the second semester of this year and be completed by the end of 2025.
Medine is positioning itself in healthcare services by investing close to Rs 2 billion in a multi-disciplinary private hospital, equipped with state-of-the-art facilities. This hospital, a joint venture between Medine Group and SAF Healthcare Holdings, will offer primary healthcare services as well as new specialties which were previously unavailable in Mauritius. Medine is an asset land based company, whose strategy is to optimise its land resources and unlock its value through integrated and sustainable development.
This investment is part of the Group’s development strategy to create a unique value proposition in the West of Mauritius. It will be integrated into the inclusive and dynamic ecosystem that the Group is putting in place to promote the progress of the region, in line with its new territorial brand ‘The West’.
With a built-up area of 13,500 square metres, the private hospital will occupy a land of nearly 5 arpents located in Cascavelle, just a few minutes away from the main residential areas of the West region. Upon completion, the medical establishment will have a capacity of 110 beds. This full-fledged private hospital will bring together in one place basic healthcare services as well as various medical and surgical specialties – including exclusive and unprecedented care in Mauritius. Construction works are expected to begin in the second semester of this year and be completed by the end of 2025.
“Medine seeks to create in the West region an inclusive, dynamic and coherent ecosystem, with residential, commercial, educational, sporting and recreational activities. This new hospital will thus integrate into the unique value proposition that the Group is putting in place for the progress of the region, notably through its recently unveiled territorial brand ‘The West’. This territorial brand, which brings together under one banner all the assets of the territory, is the result of deep reflection aiming to strengthen the attractiveness of an increasingly urban territory”, says Dhiren Ponnusamy, Chief Executive Officer (CEO) of Medine Group. “This new multi-disciplinary private hospital will address the needs of the area residents by filling a gap in terms of healthcare options. The hospital also anticipates the needs of the area, which is experiencing strong demographic growth with numerous residential, office and hotel projects in the pipeline”, he adds.
A pioneer and major player in the country’s sugar and cane industry for more than a century, Medine has managed to transition from a mono-industry largely based on sugarcane to a diversified group centred around five pillars – Agriculture, Education, Casela Nature Parks, Sports & Hospitality and Real Estate. Medine is a leader in each of its sectors of activity. It notably achieved the first IRS-type luxury residential development in Mauritius, Tamarina Golf Estates, and welcomes more than 400,000 visitors annually to Casela Nature Parks, the country’s first leisure park. As part of its diversification strategy, Medine published its Master Plan which outlines the coherent and harmonious development of a large part of its 10,000-hectare land portfolio, located strategically along the West coast of the island. This master plan, which originally planned for the development of a new city in the West of the country, subsequently underwent a series of transformations to define a new strategic direction: the creation of Medine Smart City.
Medine is listed on the Official Market of the Stock Exchange of Mauritius and has a market capitalization of around Rs 6 billion.