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By Chester Robards Senior From The Nassau Guardian

Doctors Hospital Health System Limited has received a capital injection of almost $5 million through the sale of 500,000 voting participating common shares to Health City Cayman Islands Ltd., a statement on the transaction explains, adding that the capital boost will help Doctors Hospital to expand, while also increasing the affordability of its healthcare.

“This strategic transaction underscores the growing regional confidence in Doctors Hospital as the premier tertiary healthcare institution in The Bahamas,” the statement said.

President and CEO of Doctors Hospital Dr. Charles Diggiss said the relationship that has been built between Doctors Hospital and Health City has already led to improved economies of scale and better purchasing costs, which will contribute to the enhanced affordability of the company’s main hospital services in Nassau.

For more on this story go to: THE NASSAU GUARDIAN