A Hong Kong-based Parsi businessman is donating Rs 150 crore to rescue the financially ailing Parsi General Hospital at Breach Candy here, exclusively meant for Parsi patients.
The donation will be used to build a new 15-storey cosmopolitan hospital within the sprawling complex and handed over to Medanta.
Medanta, in turn, will cross-subsidize medical facilities for Parsi patients and pay the hospital an annual fee. Parsi General Hospital property vests with Bombay Parsi Punchayat (BPP).