Details

Case

Zarrar Shaheed Trust Hospital

Omair Haroon

INDUSTRY : Healthcare

AREA : Finance

ORGANIZATION : Zarrar Shaheed Trust Hospital

LENGTH : 12

LUMS No : 02-613-2006-1

PUBLICATION YEAR : 2006

KEYWORDS:

Zarrar Shaheed Trust Hospital,Healthcare,Social Service,NGO,Trust,NPO,Finance,Funding,Projections,Planning

DESCRIPTION:

Lt Zarrar Ahmad¿s plane was shot down by Indian jets in 1999. His parents wanted to build a hospital in memory of their son. Preliminary work on the project was started on a piece of land near Lahore Cantonment. Lt Zarrar¿s father Mansoor Ahmad contacted various potential donors for funding for the hospital but most of the donors wanted financial projections and exact funding requirements for the project. Mansoor contacted a faculty member at Lahore University of Management Sciences (LUMS) to prepare the financial feasibility of the project in 2004. The financial projections would involve preparing capital requirements for the project, projected operational costs and revenues, and preparing projected financial statements for the hospital using a set of assumptions about the future. This exercise would determine funding requirements for the project at different points in time in the future, and whether the project could be rendered financially self sustaining in the future. However, it was proposed to build the hospital in three phases which added complexity in the preparation of the projections.

LEARNING OBJECTIVES:

SUBJECTS COVERED:

Finance