Hyderabad: A recent news said that India’s one of the leading hospital services Apollo Hospitals are investing 1,400Cr for establishing four new hospitals, health clinics and home care services across the country.
Apollo Invested 1,400 Cr For Expanding Their Hospitals: Report
Joint MD Apollo hospitals, Sangita Reddy said,”The four hospitals will come up in Mumbai, Bengaluru, Guwahati and Visakhapatnam.It was Rs 1,400 crore investment including the Guwahati facility (besides three other hospitals) and Homecare investments made in clinics during last year,” she told reporters on the sidelines of the launch of Apollo Homecare operations here.
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Apollo Hospitals as of now has 9000 beds and is expected to cross 10000 after the new hospitals are built. Prathap C Reddy, the Chairman said, “Currently, the debt-equity ratio is in a comfortable position. All the new hospitals are funded through the internal accruals. If we go for new hospitals after this, then we may look for funding from outside.”
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He also said, “the investment for Mumbai hospital is Rs 550 crore while Bengaluru and Visakhapatnam facilities will cost Rs 150 crore and Rs 170 crore. ”
“The services will be offered in all Tier-I cities and 13 Tier-II cities during next year and will target 1,00,000 lives in the first year of operations,” CEO Apollo Homecare, Mahesh Joshi said.
Apollo Homecare offers personalised services to elderly, chronically ill patients, post-surgery recovery patients, he added.