Mumbai-based Wockhardt Hospitals is planning to set up 14 super-speciality hospitals across the country over the next two years, which could entail an investment of up to INR 600 crore. They intend to almost double their hospitals by 2009 and add more than 1,000 beds to the current 1,100 beds, a senior company official said here on the sidelines of CII Health Summit. Asked about the investments, he said the company invests about INR 55 lakh to INR 60 lakh on each bed. It is planning to fund the expansion through the proceeds of its proposed Initial Public Offering (IPO), the official added. The company is focusing on tier II and tier III cities such as Goa, Bhopal, Nagpur among others for expansion besides metros like Delhi, he said. Wockhardt Hospitals Ltd has already filed its Draft Red Herring Prospectus (DRHP) with SEBI for its IPO. The company is issuing 30,000,000 equity shares of INR 10 each through a book building process, which will constitute 28.77 per cent of the post issue paid-up capital of the company.

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