 Mumbai:
Adding new geographical
regions to its healthcare business, the Apollo Hospitals Group, India''s largest
chain of hospitals, has finally firmed up its plans for establishing a presence
in Mumbai.The
Apollo Group plans to build 4-5 medical facilities in the city, which would offer
around 2,000 beds within around two years. The group has reportedly acquired land
in Navi Mumbai and Thane for its projects.According
to Kamath, most Mumbai hospitals are run by trusts, and hence Apollo is looking
at associations as opposed to acquisitions. The
new entity, named Western Hospitals Corporation Pvt Ltd, will look after the Mumbai
projects. According to VP Kamath, CEO, Apollo Hospitals, the group is using the
JV route to enter Mumbai, which was the only metro city in which Apollo did not
have a presence. The
Apollo''s facility at Navi Mumbai is planned as a state-of-the-art, 350-bed hospital
for the first phase, which would ramp up to 550 beds thereafter. The Thane project
would have around 300 beds. Apollo is looking at associations and tie-ups with
existing hospitals to get its 2000-bed target in sight.
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