Mumbai, Feb. 10 -- Adani Group is in advanced discussions to venture into the hospital business through a partnership with US-based Mayo Clinic Global Consulting (Mayo Clinic), according to two people with direct knowledge of the matter.

The Gautam Adani-led port-to-energy conglomerate plans to invest $1.6 billion in the initial phase of the partnership, including for building two health campuses, one of them said.

"Under the partnership, the group will launch Adani Health City through the healthcare subsidiary," this person said.

"The (Adani) group's plan is to offer affordable medical care and education facilities that are at par with global standards. The group may invest $1.6 billion in total in the initial phase, which includes th...