India’s largest hospital and pharmacy chain, Apollo Hospitals Enterprise Ltd, is planning to set up hospitals in African countries, Chairman Prathap Reddy said recently.
“We are looking at Ghana. we are looking at Tanzania seriously. Angola is another one at which our team is looking at. So overall we are looking at four to five places in Africa,” Reddy told reporters on the sidelines of an industry conference. All these projects will be greenfield projects and will be majority-owned by Apollo, he added.
“People talked about BRIC (Brazil, Russsia, India, China) economies, now we need to change it to BRICA, adding Africa,” he said, adding, “There is a proposal for us to think of China too. If the business model is right, I will do that.”
Apollo plans to take its total hospital bed count to 10,000 from 8,000 now over 18 months. It plans to open about 15 hospitals in tier I and tier II cities with an investment of about 10 billion rupees in the next two years. The hospital chain is working at reducing the average length of stay of patients to 4.9 days from 5.4 days by adopting methods like shifting patients to leisure hotels, he said. “We are trying to achieve it in this year. But it will need a change of mindset,” Reddy said.