The Mangaluru-based Srinivas Institute of Medical Sciences and Research Centre has won the contract to develop a 150-bed multi-speciality hospital on port land and to administer and maintain the current 32-bed hospital maintained by the Union government-owned New Mangalore Port Authority.

The agreement grants Srinivas Institute of Medical Sciences and Research Centre the sole right and license to build, run, and maintain a 150-bed multispecialty hospital on three acres of port land under a public-private partnership (PPP) for sixty years, as well as to operate and maintain the current 32-bed hospital for two years.

The hospital will offer medical care to non-New Mangalore Port Authority patients living in the port's surrounding communities, as well as port workers, Central Industrial Security Force (CISF) retirees, and their relatives.

Patients (New Mangalore Port Authority beneficiaries) can get OPD and diagnostic treatments at the 32-bed facility owned by the New Mangalore Port Authority.

The private investor will be given operational control of the current hospital, which occupies 1.3 acres.