Firms can now set up medical colleges

In a move that would enable the corporates in the business of healthcare to provide end-to-end services in the area, the government has removed the bar on entry of companies into the field of medical education directly. According to a notification issued by the Medical Council of India a few days back, corporate hospital chains like Fortis Healthcare, Max Healthcare, Apollo Hospitals can now set up medical colleges that offer pure medicine courses. These companies that own large hospitals chains have already diversified into health insurance and pharmacy businesses, but are left out of pure medical education, a handicap when ...

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