Hospital News

Apollo Hospitals to invest Rs 1,940 cr in 3 years, add 2,955 beds

Apollo Hospitals plans to invest nearly Rs 1,940 crore to add another 2,955 beds across the country in the next three years.
The healthcare major, which has 37 hospitals in the country at present, plans to add another 14 to take the total number of hospitals to 51 by 2014-15.
“We intend to add 2,955 beds in next three years. The total investment for the expansion would come out to be Rs 1,938.7 crore,” a Apollo Hospitals spokesperson.
With the addition of 2,955 beds, the total bed strength of the healthcare chain would go up to around 8,800 beds by 2014-15.
Of the total investment, Apollo would be pooling in around Rs 1,748.3 crore, while the rest would come from partners in various projects. Apollo has a cash balance of around Rs 250 crore.
“The remaining Rs 1,200 crore would be raised primarily through debt,” the spokesperson said, adding that as of March 31, 2012, the company has already invested Rs 261.6 crore in various projects.
The healthcare provider is setting up hospitals in various places, including Bangalore, Mumbai and Vi-sakhapatnam.


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