Apollo Hospitals will invest around Rs 1,800 crore in the next two years for increasing the number of hospitals under its operation to 70 with a capacity of 13,500 beds. Currently the company owns 46 hospitals under its operation with a capacity of around 8,000 beds. The plan is to increase the bed strength to about 13,500 across 70 operational hospitals in India and overseas markets according to Apollo Hospitals Group Chairman Prathap C Reddy. It also announced opening its 47th facility in Bhubaneswar. By mid-February 2010, Apollo Hospitals will open its 47th Hospital in the Temple City of Bhubaneswar (Orissa) with 300 beds, modern diagnostic equipments and super-speciality services.
The hospital will be connected to international centres through a dedicated telemedicine network. Apollo has recently received USD 50-million from the World Bank arm International Finance Corporation (IFC) for expansion of its secondary care hospitals under the brand ‘Reach’. The company also announced the appointment of R Basil as the utive President of Apollo Hospitals group. R Basil brings with him over 30 years of rich professional experience across leading organisations in India, including Manipal Hospitals, Wipro GE Medical Systems and Crompton Greaves.