Apollo Hospitals Enterprise Ltd.

Apollo Hospitals Enterprise (AHEL) has received its board’s approval to invest Rs 2,250 crore over the next three years, as the country’s leading hospital chain has shifted its focus to tier II and III cities and has got three-pronged expansion plan. The investment will be funded through existing funds, incremental debt and internal accruals.

The company is planning to increase the number of total beds 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.

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.