Apollo Hospitals finally comes to Mumbai
08 October 2007Mumbai: 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.
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.
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.