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Apollo Hospitals Enterprise Ltd.
BSE: 508869 | NSE: APOLLOHOSP
Large Cap | Hospital & Healthcare Services
7051.30
-37.05 (-0.52%) Apollo Hospitals plans to invest Rs 1,500 cr
Date: 30-06-2010Apollo Hospitals plans to invest around of Rs 1,500 crore to add 3,000 beds in the next four years. Apollo also plans to add 50 hospitals in the next 10 years and 10 more super speciality hospitals in tier-II and III towns.
The company will not be looking at any kind of inorganic growth either in the domestic or international market this year. The hospital chain is also vying to roll out 1,000 telemedicine centres in the next three years.
The Confederation of Indian Industry (CII) estimated the Indian healthcare industry to grow from $35 billion at present to $75 billion by 2012, riding on the growth of the hospital industry and the medical equipment industry, among other verticals. The hospital industry is valued at $12 billion at present and is growing at 20%, while the medical equipment indutsry is pegged at $2.17 billion currently and growing at 15%. crackcrack