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April, 2012
Pre-Feasibility Study
Private Hospital
DISCLAIMER
The purpose and scope of this information memorandum is to introduce the subject
matter and provide a general idea and information on the said area. All the material
included in this document is based on data/information gathered from various sources and
is based on certain assumptions. Although, due care and diligence has been taken to
compile this document, the contained information may vary due to any change in any of
the concerned factors, and the actual results may differ substantially from the presented
information. SMEDA does not assume any liability for any financial or other loss
resulting from this memorandum in consequence of undertaking this activity. Therefore,
the content of this memorandum should not be relied upon for making any decision,
investment or otherwise. The prospective user of this memorandum is encouraged to
carry out his/her own due diligence and gather any information he/she considers
necessary for making an informed decision.
The content of the information memorandum does not bind SMEDA in any legal or other
form.
DOCUMENT CONTROL
Document No.
PREF-53
Revision
Prepared by
SMEDA-Punjab
Issued by
Library Officer
Issue Date
March, 2004
Revision Date
April, 2012
2
PREF-53/Apr, 2012/Rev 3
Pre-Feasibility Study
Private Hospital
EXECUTIVE SUMMARY................................................................................................................. 1
MACHINERY DETAILS................................................................................................................... 7
5.1
5.2
10
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Pre-Feasibility Study
Private Hospital
1 EXECUTIVE SUMMARY
Population of Pakistan has been increasing with the greater percentage. It has become
very difficult for the Government to provide health facilities to large number of
population. This arise a strong need of private hospitals with modern technology and
better infrastructure. This pre feasibility study provides guidelines for setting up a private
hospital. The total project cost is estimated at Rs. 95.578 million including a capital cost
& working capital of Rs. 87.104 million and Rs. 8.474 million respectively. Projected
IRR, NPV and Payback period for the proposed project are 36.39%, Rs. 99.544 million
and 3.86 years respectively. The project is having capacity of 25 private rooms, 10 beds
for general ward, 10 beds for labor ward, 5 bed for ICU/CCU, and 10 beds for
emergency. The project is proposed in the main location of the city in densely populated
areas.
Government is also very much keen about the health services. Government allocation for
health sector has decreased almost 47% compared to last year. During the year 2010-11,
the total expenditure on health is estimated at Rs. 42 billion, of which Rs. 19 billion
allocated for development expenditure and Rs. 23 billion for current expenditure.
Pakistan has availability of well trained and skilled human resource in this sector which is
the key area and plays a major role in the success and popularity of private hospitals. The
Consultants are the main reason for good patient base of the hospital. If the hospital has
renowned consultants, it would bring many patients, who will not only be the source for
consultation fee but will also be using both the outdoor and the indoor facilities of the
hospital thereby increasing the revenues for the hospital. This will also create an image
and reputation of the hospital in the eyes of general public. This document has complete
details of setting up private hospital.
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PREF-53/Apr, 2012/Rev 3
Pre-Feasibility Study
Private Hospital
2 PROJECT PROFILE
2.1
Opportunity Rationale
Growing number of patients and lack of maintained infrastructure has put tremendous
pressure on public sector hospitals. This has resulted in a rising demand for health
services in the private sector. Moreover, introduction of latest technology, hygienic
environment and professional staff attitude at private sector hospitals has also contributed
to the popularity of the hospitals in private sector. In addition to this, increasing trend of
medical diagnosis through sophisticated scientific medical tests has increased the need of
high capital investment in the hospital sector. Investors in the private sector can therefore
exploit this opportunity and provide latest and dependable diagnostic services on round
the clock basis, which is not available in the public sector hospitals.
Hospital is a capital-intensive project. Once the required infrastructure is developed, the
management focus should shift to maintain its repute, provide quality services and
engage reputed consultants to attract patients. Considering the current market structure,
the key success factor for a successful hospital is the provision of modernized
consultancy and diagnostics services in multidisciplinary areas.
Constrained public sector health system, growing population, introduction of new and
modern medical technologies and increased healthcare awareness in the country provides
a better business opportunity for the private sector to invest in the health care services.
2.2
Project Brief
The proposed project is for setting up a private hospital. This hospital would be a general
hospital catering both, indoor and outdoor patients. The hospital indoor facilities include
emergency, ICU/CCU, Rooms, General Ward, Labor Ward with a fully functional
operation theatre capable of conducting major types of surgeries. The outdoor facilities
would include a diagnostic clinic consisting of a complete medical laboratory and a
radiology department.
2.3
10 Beds
5 Beds
25 Beds
10 Beds
10 Beds
Project Investment
Total project cost for setting up a Private Hospital is estimated at Rs 95.578 million.
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PREF-53/Apr, 2012/Rev 3
Pre-Feasibility Study
2.5
Private Hospital
Proposed Location
Large public sector hospitals are concentrated in major cities of the country. Therefore, it
is suggested that new hospital should be opened up either in smaller cities, peripheral
areas or in those areas of the larger cities where there is little presence of existing medical
facilities. May be close to new emerging residential areas and main markets etc.
2.6
2.7
One of the major threats to the business is a high turnover rate of medical, paramedical
staff and the consultants. To retain the consultants and other medical staff, salary package
and other benefits / facilities should be competitive.
While Pakistan enjoys a vast network of healthcare facilities, coverage, accessibility, cost
and quality of health care remain critical issues. An effective fight has been launched in
prevention and control of both communicable and non communicable diseases in order to
have an impact in the scenario of double burden of diseases in the country. The health
care system in Pakistan comprises the public as well as private health facilities. In the
public sector, districts have been given power for developing their own strategies,
programmes and interventions based on their local needs. In the private sector, the range
3
PREF-53/Apr, 2012/Rev 3
Pre-Feasibility Study
Private Hospital
of health care facilities includes accredited hospitals and clinics, medical practitioners,
homeopaths and hakeems. In addition, nongovernmental organizations (NGOs) and
Pakistans corporate sector are also active in the health and social sector, the latter under
their Corporate and Social Responsibility (CSR) mandate. They have been successful to a
large extent in raising the level of awareness of positive health behavior among the
people. However, the health care system as a whole needs to be strengthened further at all
levels. The details of available human resource are given in the Table below:
Table 3-1: Available Human Resource1
2008-09
133,984
9,013
65,387
1,310
18,101
1,575
Registered Doctors
Registered Dentists
Registered Nurses
Population Per Doctor
Population Per Dentist
Population Per Nurse
3.2
2009-10
139,555
9,822
69,313
1,183
16,914
1,592
2010-11
144,901
10,508
73,244
1,222
16,854
1,701
Targets for the health sector during 2010-11 included establishment of 15 Rural Health
Centers (RHC), 40 Basic Health Units (BHUs) and up gradation of 45 existing RHCs and
900 BHUs. The manpower target included the addition of 5000 new doctors, 450 dentists,
3500 Nurses, 5500 paramedics and 500 traditional birth attendants. Under the preventive
program, about 8.5 million children were targeted to be Immunized and 25 million
packets of ORS were to be distributed during 2010-11. Till date 4500 HIV positive cases
have been reported to the National and Provincial AIDS Control Programs. It includes
3050 full blown AIDS cases. Around 1030 are receiving free treatment through 12 AIDS
Treatment Centers. Total numbers of TB cases reported are 62,321. Whereas the absolute
number of cases is 209,714 up to the third quarter of 2010 and the treatment success rate
remained 91 percent. The percentage of TB case-detection rate is 81 percent and cure rate
is 74 percent. Physical targets, achievements for 2010-11 are given in the table below.
1
2
PREF-53/Apr, 2012/Rev 3
Pre-Feasibility Study
Private Hospital
Targets (No)
2010-11
Estimated
Achievements
(No)
Achievements
(%)
40
35
87
15
13
86
45
40
88
900
850
94
4500
4300
95
5,000
450
3,500
5500
500
100,000
4,500
400
3,200
5000
450
96,000
90
80
90
90
90
96
8.5
25
8
24
94
96
During the year 2010-11, the total expenditure on health is estimated at Rs. 42 billion, of
which Rs. 19 billion allocated for development expenditure and Rs. 23 billion for current
expenditure. These figures show decrease of 47% over the last year and work out to be
0.23% of GDP. It may be pointed out that as a result of improvement in fiscal front; the
government has been allocating relatively more resources to health sector.
PREF-53/Apr, 2012/Rev 3
Pre-Feasibility Study
Private Hospital
Total
Expenditure
42
79
74
60
50
Development
Current
Expenditure Expenditure
19
23
38
41
33
41.10
27.22
32.67
20
30
Change
(%)
-47
7
23
20
25
As %of
GDP
0.23
0.54
0.56
0.57
0.57
Regulations
The doctors working in the hospital should be registered with the Pakistan Medical and
Dental Council (PMDC). Prior sanction/approval from the government through Pakistan
Atomic Energy Commission (PAEC) is required in case of the equipment being installed
in the hospital such as X Ray machines, as they emit radiation and has to be sanctioned /
approved.
4 MARKET INFORMATION
4.1
Market Potential
From 1981 to 2011, the estimated population of Pakistan has grown from 85 million to
170 million making Pakistan the seventh most populous country in the world. This
growth rate of population has posed tremendous challenge to the existing infrastructure
for basic facilities in the country. Growing population, increasing industrialization,
resultant high level of environmental pollution, and increased healthcare awareness has
specially stretched the existing public health care system in the country. This has given
rise to high demand of private sector health care facilities to compliment its public sector
counterpart.
4.2
Total number of hospitals and other health center detail is given in below table:
Table 4-1: Health Establishment in Pakistan
Year
Hospitals
Dispensaries
2005
2006
2007
919
924
945
4632
4712
4755
BHUs
Sub
Health
Centers
5334
5336
5349
Maternity &
Child Health
Centers
Total Beds
Population
Per Bed
907
906
903
101,490
102,073
103,285
1483
1508
1544
PREF-53/Apr, 2012/Rev 3
Pre-Feasibility Study
2008
2009
2010
4.3
948
968
972
Private Hospital
4794
4813
4842
5310
5345
5344
908
906
909
103,037
103,708
104,137
1575
1592
1701
Target Customers
The major target market for the facility consists of residential areas in the vicinity of the
hospital. The basic services that will be provided will also be determined by the need of
the locality and its adjacent areas.
4.4
Departments
5 MACHINERY DETAILS
5.1
The major cost involved in establishing a well-equipped hospital is the cost involved in
machinery, equipment and furnishing. The proposed hospital is providing basic in-house
diagnostic and radiology services to its patients. It is also proposed that the hospital is
equipped with a fully functional operation theatre.
Following machinery is proposed for setting up the private hospital:
Table 5-1: Machinery and Equipment Requirement6
Description
Radiology Department
X-Ray Apparatus with motorized tilting
table
Dark Room X-Ray Accessories
ECG Machine
Ultrasound Machine
Printer for Ultrasound
Total
6
No
450,000
450,000
1
2
1
1
75,000
35,000
135,000
58,000
75,000
70,000
135,000
58,000
788,000
Machinery cost has been taken from Mediequip and Nurani Surgical, Lahore.
7
PREF-53/Apr, 2012/Rev 3
Total in Rs.
Pre-Feasibility Study
Private Hospital
Diagnostic Center
Blood Analyzer
ELISA for hormone Analysis fully
automatic
Binocular Microscope
Centrifuge Machine
Clinical water bath
Photo Calorimeter
Lab Incubator
Miscellaneous Lab Equipment
Oxygen Supply Plant with Supply in all
Rooms
Total
Operation Theatre
Operation Theatre Shadow less Light
Electric suction apparatus
Surgical Diathermy
Anesthesia Apparatus
Trolley for Anesthesia
Cardiac Resuscitation Trolley
Cardiac Monitor
Hydraulic Operation Table
Horizontal and Vertical Autoclave
Operation Table
Emergency Oxygen Kit
Total
Gynecology, Obstetrics & Pediatrics
Operation Theatre Shadow less Light
Electric suction apparatus
Delivery Table
Computerized Baby Incubator
Phototherapy Apparatus
Baby Cot with side protection
Total
ICU/CCU 5 Beds
Ventilator
Cardiac Monitors
Arterial Blood Gas Analyzer
Total
Grand Total
195,000
3,200,000
1
1
1
1
1
1
1
150,000
4,000
6,500
45,000
95,000
500,000
150,000
195,000
3,200,000
150,000
4,000
6,500
45,000
95,000
500,000
150,000
4,345,500
8
PREF-53/Apr, 2012/Rev 3
1
1
1
1
1
1
1
1
1
1
1
1
3
33,000
23,000
65,000
450,000
85,000
95,000
135,000
48,000
60,200
48,000
350,000
33,000
23,000
65,000
450,000
85,000
95,000
135,000
48,000
60,200
48,000
1,050,000
2,092,200
1
1
2
3
2
5
33,000
23,000
45,000
125,000
15,000
8,500
33,000
23,000
90,000
375,000
30,000
42,500
593,500
2
5
5
1,500,000
450,000
800,000
3,000,000
2,250,000
4,000,000
9,250,000
17,069,200
Pre-Feasibility Study
Private Hospital
In addition to this machinery, small auxiliary tools are also required for the smooth
operations of the hospital.
Table 5-2: Other Equipment Requirement
Description
No
Electricity Generator
Elevator
Light and Electricity Appliances
Instrument sterilizers
Baby Weighing Machine
Instrument cabinets
Stethoscope
LV Stands
Blood Pressure apparatus
Miscellaneous
Total
1
1
10
2
1
2
12
40
6
Total
1,700,000
1,500,000
15,000
10,000
3,500
17,000
24,000
34,000
11,700
500,000
3,815,200
Moreover, there is other office equipment that is required for the daily operations of the
hospital.
Table 5-3: Office Equipment Requirement
Description
No
Split Units
Refrigerators
TVs
LCDs
Computers with UPS
Printers
Telephone Exchange
Telephone Sets
Fire Extinguishers
File Cabinets
Total
99
30
25
2
14
5
1
40
20
15
Total in PKR
4,455,000
870,000
275,000
100,000
560,000
75,000
100,000
40,000
80,000
135,000
6,690,000
To furnish the hospital rooms, laboratories, and visiting area the following furniture is
required.
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PREF-53/Apr, 2012/Rev 3
Pre-Feasibility Study
Private Hospital
No.
71
13
57
69
24
60
8
8
10
Total
1,341,900
129,350
1,048,800
289,725
82,800
210,000
68,000
47,200
65,000
3,282,775
Alternative Chinese machines are available for Radiology and Diagnostic Departments
and for the Operation Theatre. However, their prices are 2 to 3 times lower than Japanese
equipment. However, a mix of Japanese and Korean machinery is proposed for the
project.
5.2
Motor Vehicles
Along with the above mentioned machinery and equipment the proposed hospital will
also be using two ambulances.
Table 5-5: Ambulance
Sr. No
Description
QTY
Ambulance
Cost per
Unit
1,500,000
For above recommended size of hospital, approximately 6,750 square feet (1.5 kanal)
area is required with 4 floors including the basement and open area.
Table 6-1: Land Cost
Description
Total Land
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PREF-53/Apr, 2012/Rev 3
Pre-Feasibility Study
6.2
Private Hospital
Suitable Locations
Location
Lahore
Rawalpindi
Karachi
Quetta
Faisalabad
Peshawar
Multan
6.3
Following is the covered area requirement split into various departments and sections:
Table 6-3: Covered Area Requirement
Building
Basement
Canteen
Pharmacy
Diagnostic
Wash rooms
Laboratory
No
1
1
1
5
1
Dimensions
20
20
30
6
30
x
x
x
x
x
20
15
35
6
35
11
PREF-53/Apr, 2012/Rev 3
Required
Area
Rate per
Sq. Ft
Total Cost
in Rs.
400
300
1,050
180
1,050
1,000
1,000
1,500
1,000
1,500
400,000
300,000
1,575,000
180,000
1,575,000
Pre-Feasibility Study
ICU/CCU
Store room
Lounge
space for stairs and
elevator
Total
Ground floor
Reception and waiting
room
Emergency
Wash rooms
Consultants rooms
General Ward
Nursing centers
Doctors' Room
Lounge
Nurses' room
Space for stairs and
elevator
Total
1st Floor
Bed rooms
Wash rooms
Consultants rooms
Labor Ward
Nursing centers
Lounge
Child nursery and labor
room
Space for Stairs and
Elevator
Store room
Private Hospital
1
1
1
20
20
25
x
x
x
25
15
20
500
300
500
1,500
800
1,500
750,000
240,000
750,000
20
15
300
1,000
300,000
4,580
1
50
50
2,500
1,500
3,750,000
20
30
600
1,500
900,000
5
4
6
12
x
x
6
12
180
576
1,000
1,500
180,000
864,000
1
1
3
1
1
20
12
12
25
15
x
x
x
x
x
30
10
10
20
12
600
120
360
500
180
1,500
1,500
1,500
1,500
1,500
900,000
180,000
540,000
750,000
270,000
10
10
100
1,000
100,000
5,716
14
6
12
20
12
25
x
x
x
x
x
x
14
6
12
30
10
20
2,352
180
576
600
120
500
1,500
1,000
1,500
1,500
1,500
1,500
3,528,000
180,000
864,000
900,000
180,000
750,000
25
25
625
1,500
937,500
20
15
300
1,000
300,000
20
15
300
800
240,000
5,553
13
5
1
14
6
30
x
x
x
14
6
30
12
PREF-53/Apr, 2012/Rev 3
8,434,000
12
5
4
1
1
1
Total
2nd floor
Bed rooms
Wash rooms
Operation theatre
6,070,000
2,548
180
900
7,879,500
1,500
1,000
1,500
3,822,000
180,000
1,350,000
Pre-Feasibility Study
Sterilization room
1 15
Surgeons room
1 12
Recovery room
1 15
Nursing centers
1 12
Lounge
1 25
Admin block
1 25
Space for Stairs and
1 20
Elevator
Total
TOTAL
Circulation Space 20% of Covered Area
Private Hospital
x
x
x
x
x
x
15
10
12
10
20
20
225
120
180
120
500
500
1,500
1,500
1,500
1,500
1,500
1,500
337,500
180,000
270,000
180,000
750,000
750,000
15
300
1,000
300,000
1,000
8,119,500
30,503,000
4,284,400
5,573
21,422
4,284.4
34,787,400
Utilities Requirement
Electricity
Telephone
Gas
Water
Waste disposal
7.1.1 Consultants
Consultant services for the following specialized areas would be made available in the
hospital:
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Gastroenterology Specialist
Pediatric Physician
General Surgeon
General Physician (Chest & TB)
Diabetes & Endocrinologist
Cardiologist
Orthopedic Surgeon
Gynecologist
Pathologist
Dentist
The consultants generally get 60-70% of the professional fee charged to the patient. In
surgical cases, 1/3rd of the fee charged is shared by the hospital, while the surgeon and
his team share the rest 2/3rd.
For the proposed size of hospital, apart from consultants following manpower is required:
13
PREF-53/Apr, 2012/Rev 3
Pre-Feasibility Study
Private Hospital
Required
1
1
2
24
45
9
6
6
6
6
2
3
6
3
6
15
18
3
162
100,000
75,000
35,000
45,000
18,000
15,000
15,000
12,000
15,000
15,000
25,000
15,000
10,000
12,000
7,500
7,500
10,000
9,000
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PREF-53/Apr, 2012/Rev 3
Pre-Feasibility Study
Private Hospital
8 FINANCIAL ANALYSIS
8.1
Following is the breakdown of the startup project cost for the proposed hospital. It is
suggested that the land for the hospital is purchased and a custom designed building
would be constructed keeping in mind the future expansion plan.
Table 8-1: Total Project Cost
Project Costs
Capital Costs
Land
Building
Machinery & Equipment
Other Equipments
Office Equipment
Furniture & Fixture
Ambulance (02 Nos)
Pre-operating costs7
Total Capital Costs
Working Capital
Raw Material Cost8
Cash Required for 2 Months Operations
Salaries
Electricity
Minimum Cash Required
Total Working Capital
Total Project Costs
47,789,096
47,789,096
95,578,192
These include salaries of administration staff during the period of construction; incorporation charges
and interest accrued during first year.
8
This represents chemicals, radiology films and other disposable items used in diagnostic department and
Operation Theatre.
15
PREF-53/Apr, 2012/Rev 3
Pre-Feasibility Study
8.2
Private Hospital
8.3
Project Returns
Project economics is intended to assess the financial sustainability of the project. This
financial analysis however, depends on the assumption used for the analysis. Since this
document concern a generic hospital business unit, the financials will vary considerably
for individual projects.
According to the information analyzed, the hospital business is a viable business
opportunity. Projected returns are given in the table below:
Table 8-3: Project Returns
Project
36.39%
Rs. 99,544,391
3.86
IRR
NPV
Payback Period (Years)
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PREF-53/Apr, 2012/Rev 3
Pre-Feasibility Study
Private Hospital
9 FINANCIAL ANALYSIS
9.1
Year 2
Rupees
Year 3
Rupees
Year 4
Rupees
Year 5
Rupees
Year 8
Rupees
Year 9
Rupees
19,800,000
23,850,000
43,650,000
24,750,000
28,858,500
53,608,500
30,492,000
34,918,785
65,410,785
37,853,640
42,251,730
80,105,370
46,822,236
51,124,593
97,946,829
58,074,996
61,860,758
119,935,754
71,641,692
74,851,517
146,493,209
88,978,128
89,459,586
178,437,714
110,222,736
102,635,032
212,857,768
136,807,284
112,898,535
249,705,819
33,750,000
12,420,000
46,170,000
180,000
120,000
90,120,000
42,075,000
15,028,200
57,103,200
198,000
132,000
111,041,700
51,756,000
18,207,360
69,963,360
217,800
145,200
135,737,145
62,937,000
22,060,800
84,997,800
239,580
159,720
165,502,470
75,831,000
26,698,320
102,529,320
263,538
175,692
200,915,379
90,675,000
32,304,096
122,979,096
289,892
193,261
243,398,003
111,720,000
39,119,040
150,839,040
318,881
212,587
297,863,717
136,059,000
47,349,972
183,408,972
350,769
233,846
362,431,301
164,118,000
57,300,552
221,418,552
385,846
257,231
434,919,397
196,470,000
69,343,008
265,813,008
424,431
282,954
516,226,212
11,880,000
16,875,000
5,823,000
2,760,090
37,338,090
14,850,000
21,037,500
7,204,230
3,440,902
46,532,632
18,295,200
25,878,000
8,829,504
4,230,274
57,232,978
22,712,184
31,468,500
10,879,848
5,143,110
70,203,642
28,093,342
37,915,500
13,369,195
6,196,209
85,574,246
34,844,998
45,337,500
16,460,614
7,408,496
104,051,607
42,985,015
55,860,000
20,196,194
9,127,250
128,168,460
53,386,877
68,029,500
24,898,121
10,946,523
157,261,021
66,133,642
82,059,000
30,639,630
12,403,404
191,235,676
82,084,370
98,235,000
37,762,908
13,497,822
231,580,100
27,324,000
5,474,578
686,446
70,823,113
30,056,400
5,474,578
755,090
82,818,700
33,062,040
5,474,578
830,599
96,600,195
36,368,244
5,474,578
913,659
112,960,123
40,005,068
5,474,578
1,005,025
132,058,917
44,005,575
5,474,578
1,105,528
154,637,288
48,406,133
5,474,578
1,216,081
183,265,251
53,246,746
5,474,578
1,337,689
217,320,033
58,571,421
5,474,578
1,471,457
256,753,131
64,428,563
5,474,578
301,483,241
52,781,910
19,296,887
64,509,068
28,223,000
78,504,167
39,136,950
95,298,828
52,542,347
115,341,133
68,856,462
139,346,395
88,760,715
169,695,257
114,598,466
205,170,280
145,111,268
243,683,721
178,166,266
284,646,111
214,742,971
10,686,000
1,389,880
1,200,000
600,000
75,000
350,000
346,000
14,646,880
420,000
11,754,600
1,389,880
1,320,000
660,000
82,500
385,000
346,000
15,937,980
462,000
12,930,060
1,389,880
1,452,000
726,000
90,750
423,500
346,000
17,358,190
508,200
14,223,066
1,389,880
1,597,200
798,600
99,825
465,850
346,000
18,920,421
559,020
15,645,373
1,389,880
1,756,920
878,460
109,808
512,435
346,000
20,638,875
614,922
17,209,910
1,389,880
1,932,612
966,306
120,788
563,679
346,000
22,529,175
676,414
18,930,901
1,389,880
2,125,873
1,062,937
132,867
620,047
346,000
24,608,505
744,056
20,823,991
1,389,880
2,338,460
1,169,230
146,154
682,052
346,000
26,895,767
818,461
22,906,390
1,389,880
2,572,306
1,286,153
160,769
750,257
346,000
29,411,755
900,307
25,197,029
1,389,880
2,829,537
1,414,769
176,846
825,283
346,000
32,179,344
990,338
7,646,255
(2,576,249)
(2,576,249)
6,117,004
6,630,016
1,657,504
4,972,512
4,587,753
17,699,207
4,424,802
13,274,405
3,058,502
31,122,444
7,780,611
23,341,833
1,529,251
47,303,258
11,825,814
35,477,443
66,907,954
16,726,989
50,180,966
90,734,018
22,683,504
68,050,513
119,033,962
29,758,491
89,275,472
149,654,818
37,413,704
112,241,113
183,553,965
45,888,491
137,665,474
17
PREF-53/Apr, 2012/Rev 3
Year 6
Rupees
Year 7
Rupees
Year 10
Rupees
Pre-Feasibility Study
9.2
Private Hospital
Year 1
Rupees
Year 2
Rupees
Year 3
Rupees
Year 4
Rupees
Year 5
Rupees
Year 6
Rupees
Year 7
Rupees
Year 8
Rupees
Year 9
Rupees
Year 10
Rupees
(2,576,249)
4,972,512
13,274,405
23,341,833
35,477,443
50,180,966
68,050,513
89,275,472
112,241,113
137,665,474
6,864,458
346,000
6,864,458
346,000
6,864,458
346,000
6,864,458
346,000
6,864,458
346,000
6,864,458
346,000
6,864,458
346,000
6,864,458
346,000
6,864,458
346,000
6,864,458
346,000
(113,526)
7,646,255
4,382,376
(133,584)
(1,529,251)
4,517,482
(168,521)
(1,529,251)
2,029,763
(204,604)
(1,529,251)
2,446,465
(254,089)
(1,529,251)
2,910,650
(307,034)
(1,529,251)
3,491,722
(386,460)
4,476,634
(471,905)
5,306,925
(585,475)
5,957,926
3,103,801
6,682,752
(478,603)
(478,603)
11,915,106
2,854,647
331,990
712,610
1,127,310
1,655,437
4,090,174
4,835,020
5,372,451
9,786,553
(478,603)
16,549,315
15,037,616
20,816,853
31,264,901
43,815,211
59,046,860
79,351,145
101,320,949
124,824,021
154,662,484
Pre-operating expenses
Fixed Capital expenditure
Net Cash Flow from investing activities
(3,460,000)
(83,644,575)
(87,104,575)
Capital issued
Long term Loan
Dividends paid
Net Cash Flow from financing activities
47,789,096
47,789,096
95,578,193
(9,557,819)
(9,557,819)
(9,557,819)
(9,557,819)
(9,557,819)
(9,557,819)
(9,557,819)
(9,557,819)
(9,557,819)
(9,557,819)
7,995,015
6,991,495
5,479,797
11,259,033
21,707,081
34,257,391
18
PREF-53/Apr, 2012/Rev 3
59,046,860
79,351,145
101,320,949
124,824,021
154,662,484
Pre-Feasibility Study
9.3
Private Hospital
Year 1
Rupees
Year 2
Rupees
Year 3
Rupees
Year 4
Rupees
47,789,096
47,789,096
47,789,096
(2,576,249)
45,212,848
47,789,096
2,396,263
50,185,360
47,789,096
15,670,668
63,459,765
47,789,096
39,012,501
86,801,598
47,789,096
38,231,277
28,673,458
19,115,639
9,557,819
4,382,376
7,646,255
8,899,858
6,117,004
10,929,621
4,587,753
13,376,086
3,058,502
16,286,736
1,529,251
19,778,459
-
24,255,093
-
29,562,017
-
35,519,943
-
42,202,695
-
95,578,193
12,028,632
95,472,756
15,016,863
93,875,680
15,517,374
98,092,778
16,434,588
112,794,005
17,815,987
140,095,028
19,778,459
192,238,465
24,255,093
264,765,612
29,562,017
359,348,009
35,519,943
477,547,048
42,202,695
621,895,274
Freehold Land
15,000,000
15,000,000
15,000,000
15,000,000
15,000,000
15,000,000
15,000,000
15,000,000
15,000,000
15,000,000
15,000,000
Building
Medical Equipment and furniture
Accumulated depreciation
34,787,400
33,857,175
68,644,575
34,787,400
33,857,175
(6,864,458)
61,780,118
34,787,400
33,857,175
(13,728,915)
54,915,660
34,787,400
33,857,175
(20,593,373)
48,051,203
34,787,400
33,857,175
(27,457,830)
41,186,745
34,787,400
33,857,175
(34,322,288)
34,322,288
34,787,400
33,857,175
(41,186,745)
27,457,830
34,787,400
33,857,175
(48,051,203)
20,593,373
34,787,400
33,857,175
(54,915,660)
13,728,915
34,787,400
33,857,175
(61,780,118)
6,864,458
34,787,400
33,857,175
(68,644,575)
-
3,460,000
3,114,000
2,768,000
2,422,000
2,076,000
1,730,000
1,384,000
1,038,000
692,000
346,000
478,603
7,995,015
8,473,618
95,578,193
592,128
14,986,510
15,578,639
95,472,756
725,713
20,466,307
21,192,020
93,875,680
894,234
31,725,341
32,619,575
98,092,778
1,098,838
53,432,422
54,531,260
112,794,005
1,352,927
87,689,814
89,042,741
140,095,028
1,659,961
146,736,674
148,396,635
192,238,465
2,046,421
226,087,819
228,134,240
264,765,612
2,518,326
327,408,768
329,927,094
359,348,009
3,103,801
452,232,790
455,336,590
477,547,048
Year 5
Rupees
Year 6
Rupees
Year 7
Rupees
Year 8
Rupees
Year 9
Rupees
47,789,096
74,489,945
122,279,041
47,789,096
124,670,910
172,460,007
47,789,096
192,721,423
240,510,520
47,789,096
281,996,895
329,785,992
47,789,096
394,238,008
442,027,105
Year 10
Rupees
47,789,096
531,903,482
579,692,579
CURRENT LIABILITIES
Creditors accrued and other liabilities
Financial Charges payable
Preoperating expenses
CURRENT ASSETS
Raw Material Inventory
Cash and Banks balances
19
PREF-53/Apr, 2012/Rev 3
606,895,274
606,895,274
621,895,274
Pre-Feasibility Study
Private Hospital
10 KEY ASSUMPTIONS
Table 10-1: Revenue Assumptions
Description
Surgery
- General Surgery
- No of operations per month
- Average fee per operation
- Gynecology & Obstetrics
- No of deliveries per month
- Average fee per delivery
Room Rent
- No of Rooms
- Working Days
- Total Working Days (Weighted)
- Occupancy Rate
- Occupancy
- Room Rent per Day
Emergency
- No of Beds in Emergency
- Working Days
- Total Working Days (Weighted)
- Occupancy Rate
- Occupancy
- Bed Rent per Day
Labor Ward
- No of Beds in Labor Ward
- Working Days
- Total Working Days (Weighted)
- Occupancy Rate
- Occupancy
- Bed Rent per Day
ICU/CCU
- No of Beds in ICU/CCU
- Working Days
- Total Working Days (Weighted)
- Occupancy Rate
- Occupancy
- Bed Rent per Day
Assumptions
15%
10%
30
25,000
10%
10%
45
20,000
10%
10%
10%
10%
10%
10%
10%
10%
20
PREF-53/Apr, 2012/Rev 3
Annual
Growth Rate
25
360
9,000
45%
4,050
3,000
10
360
3,600
50%
1,800
1,500
10
360
3,600
50%
1,800
1,500
5
360
1,800
50%
900
3,000
Pre-Feasibility Study
Private Hospital
General Ward
- No of Beds in General Ward
- Working Days
- Total Working Days (Weighted)
- Occupancy Rate
- Occupancy
- Bed Rent per Day
Diagnostic center
- Ultra-Sound
No of patients per month
Ultrasound Fee per patient
- X-Ray
No of patients per month
X Ray Fee per patient
- ECG
No of patients per month
ECG Fee per patient
- Complete Blood Test/Urine Test
No of patients per month
Test Fee per patient
10%
10
360
3,600
50%
1,800
2,000
10%
10%
450
750
10%
10%
450
550
10%
10%
450
500
10%
10%
450
500
10%
26.67 units
6 units
15
10%
Basis
60% of Total Surgery Fee
50 % of Total Consultation Fee
15% of Total Diagnostic Center Fee
30 Days
30 Days
10 Years
21
PREF-53/Apr, 2012/Rev 3
Pre-Feasibility Study
Private Hospital
16%
5 years
20%
22
PREF-53/Apr, 2012/Rev 3