Apollo Hospitals Enterprise Ltd.

BSE: 508869 | NSE: APOLLOHOSP
Large Cap | Hospital & Healthcare Services
7235.90
-34.80 (-0.48%)
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Apollo Hospitals Enterprise to increase its multi-specialty clinics to 150

Date: 29-08-2012

Apollo Hospitals Enterprise, healthcare major is planning to increase its multi-specialty clinics to 150 by October 2014, as part of its retail healthcare sector expansion plans. At present it has 87 clinics and it plans to invest Rs 63 crore for this expansion. The company also plans to open cosmetic surgery centers, day surgery centers in order to target high-end work in its hospitals. It will finance the expansion through a mix of debt and internal accruals.

The entity is also adding 3,000 beds to its hospital chain in the next three years at an investment of Rs 1,800 crore. Currently, it has over 8,500 beds across over 50 hospitals and is also running 11 nursing and hospital management colleges. It currently also has 1,364 pharmacies across the country.