Hospital News

Apollo Hospitals plans to invest INR 600 cr in tier II cities

Apollo Hospitals plans a massive INR 600-crore expansion plan to make its presence felt in tier II cities, with about 10 hospitals. The company would come up with 150 to 200 bed capacity hospitals in tier II cities across the length and breath of the country and is under the process of identifying locations for the proposed hospitals. The management would invest INR 50-60 crore in each of its hospital. Apollo had appointed a US-based consultant company specialised in healthcare projects for drafting the nitty-gritty of its entire plans. The funding would be a mix of equity and debt. However, the ratio is still being worked out.

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