Wockhardt Hospitals plans Rs569 crore investment in hospital projects

Wockhardt HospitalsWockhardt Hospitals Limited, the only private hospital group in India, associate of Harvard Medical International has chalked out an ambitious growth strategy with an investment of Rs569 crore in expanding, developing and constructing both greenfield and brownfield expansion plans.

The hospital chain has been promoted by Indian pharmaceutical major Wockhardt.

The key elements of the growth strategy includes strengthening the healthcare provider's position in major metropolitan areas and establishing a presence in selected smaller Tier II cities.

Wockhardt Hospitals has grown from three hospitals with 139 beds in 2000, to a network of 10 super-specialty hospitals and five regional specialty ICU hospitals, with a total of 1,374 inpatient beds.

Besides establishing additional healthcare facilities, the company plans to strengthen its presence in major metropolitan areas, such as Bangalore, Mumbai, Kolkata, Hyderabad and Delhi, by expanding the current operations through new greenfield and brownfield projects, as well as increasing beds at its existing hospitals.

It is already engaged in expanding its bed capacity at its Mulund hospital in Mumbai by adding 270 beds. This super-specialty hospital is one of the first hospitals in South Asia to have received international accreditation from Joint Commission International ("JCI"), the largest accreditor of healthcare organisations in the United States.