Apollo Hospitals Enterprise Plans To Invest Rs 2,250 Crore For Expansion

Apollo Hospitals Enterprises Ltd

5108   Conceptual Stage 2250 Crore

Project Information

Organization Name
Apollo Hospitals Enterprises Ltd
Project Title
Apollo Hospitals Enterprise Plans To Invest Rs 2,250 Crore For Expansion
Project Detail
Apollo Hospitals Enterprises Ltd Has Got The Board's Approval To Invest Rs 2,250 Crore Over The Next Three Years. The Country's Leading Hospital Chain Now Shifted Its Focus To Tier II And III Cities And Said It Has Got Three-Pronged Expansion Plan. Apollo To Set Up A Proton Therapy Centre In Chennai, Which Will Be The First Of Its Kind In Asia Pacific. The Board Has Given Approval To Its Expansion Activities. The Investment Will Be Funded Through Existing Funds, Incremental Debt And Internal Accruals. The Hospital Chain Plans To Increase The Number Of Total Beds In The Group By 1,000 Across Seven Locations. As Of March 31, 2013, Apollo Had 8,420 Beds In India And Overseas Across 51 Hospitals. Of The Total 8,420 Beds, 6,382 Beds Across 38 Hospitals Are Owned By Apollo And 2,038 Beds Across 13 Hospitals Are Under Management Through Operations And Management Contracts. The Company Has Chalked Out Three-Pronged Expansion Strategy, Which Includes Expanding Beds And Facilities In The Existing Clusters, Set Up New Hospitals In Metros And Large Cities With No Existing Presence In Order To Reach Out To A Wider Urban Population And Lastly Simultaneously Expanding In Tier II And III Cities In India Through 'Apollo REACH'. This Expansion Projects Include Its Entry Into Cities Like Mumbai, Patna, Vishakapattnam And Indore As Well As Strengthening Of Clusters In Chennai And Bangalore. The REACH Hospitals Are Operating In Tier II Cities Including Kakinda, Karaikudi, Karimnagar, Bhubaneswar And Karur. Now Three More Are Coming Up In Nashik, Nellore And Tiruchy. Beside All These, Apollo Is Planning To Set Up A Proton Therapy Centre In Chennai. In Order To Attract Large Number Of Number Of Medical Value Travellers, The Hospital Has Increased Its Marketing Efforts In Markets Such As Africa, Middle East And South East Asia. Apollo Hospitals Enterprise, Is The Leading Private Sector Healthcare Provider In Asia And Owns And Manages A Network Of Speciality Hospitals And Clinics, A Chain Of Pharmacy Retail Outlets Across The Country, And Provides Consultancy Services For Commissioning And Managing The Speciality Hospitals
Project Value
2250 Crore
Project Status
Conceptual Stage
Location
Multi Locations
Project State
Multi State
Country
India
Sector
Healthcare

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