Apollo Hospital promoters are planning to pump Rs.18,000 million to set up new hospitals. Currently, it has plans to set up two new hospitals in Mumbai and Thane in joint-venture with JP Morgan. These hospital will have 600 beds. The group which has a profit margin of 11% has a third quarter revenue of around Rs.3730 million. The group is going from strength to strength with their revenue per bed has also gone up to Rs.16000. Now, the promoters are also planning to increase their stake from 32% to 39%.
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