Apollo Hospitals Enterprise Ltd.

BSE: 508869 | NSE: APOLLOHOSP
Large Cap | Hospital & Healthcare Services
7051.30
-37.05 (-0.52%)
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Apollo to open 11 new hospitals next fiscal

Date: 22-03-2010

Apollo Hospitals Enterprise Ltd is planning to open 11 more hospitals in the next fiscal, which would add 2,000 beds to the existing 8,800 beds. The addition of new hospitals is part of the company's on going expansion plan worth Rs 18 billion.

 

There is a deficit of one lakh hospital beds in the country. It is looking to add about 900 beds in the next six weeks in Bhubaneswar, Lavasa, Kolkata and Secunderabad. The company is also looking to enter medical education sector.

 

The company is looking at setting up a global health academy, which would include an under graduate medical college with an initial intake of 200 students and could cost about Rs10 billion.

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