The Chennai-based Lifeline Group of Hospitals has signed a memorandum of understanding (MoU) with Government of Zambia to establish its first overseas hospital.

The company will invest over Rs 40 crore along with an investor in Zambia.

Under the agreement, the Zambia government will provide the land and building for the proposed medical facility.

While, Lifeline group will build hospital on the existing facility, equip it with 100 beds and provide state of the art equipment to make it one of the most modern hospitals in Zambia.

The hospital will also have a team of 300 medical personnel, including doctors and paramedical staff of which 80 per cent will be from the Lifeline's own team.

The LifeLine group of hospitals includes three hospitals in Chennai including a 225-bed multi-specialty hospital, apart from a 24-hour clinic.