Our Corporate
Bureau 4 August 2007 Mumbai:
Apollo Hospitals has planned a massive Rs710-crore expansion programme, involving
the setting up of a multi-speciality hospital in Mumbai and an orthopaedic hospital
in Chennai.
The
group would invest around Rs600 crore for its Mumbai expansion. Apollo is in the
process of finalising and acquiring land in Navi Mumbai, Thane, South Mumbai and
Nashik, Preetha Reddy, managing director, Apollo Hospitals, said. Apollo
would also be setting up an orthopaedic hospital in north Chennai with 200 beds
at an investment of about Rs110 crore, she said. "We
have tied up with western hospitals in Mumbai and will set up centres of excellence
at various places. Each hospital will have 250-300 beds each," Reddy said
on the sidelines of a conference on the ''Save a Child''s Heart'' initiative. Reddy
said the group would soon start work on construction of hospitals in Ahmedabad,
Vishakapatnam and Bhubaneshwar. The
consultancy division of Apollo would also soon foray into Khazakhstan and Turkey
, with details of the tie-up for the latter almost finalised. Apollo
is targeting the 10,000 bed mark by 2010. "Currently we have about 8,000
beds, both through tie-ups and our own. We expect our turnover to reach Rs1,200
crore by the end of this year," she said. The
group is also planning to set up two schools and colleges of nursing coming up
at Madurai
and Chennai by the end of the year, she said.
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