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Category: Apollo Hospitals
The Chennai based group had raised Rs 300 crore through equity, Rs 200 crore through internal resources, Rs 120 crore through family warranty and rest of the money through loans. The cost of adding one bed is about Rs 50 lakh, said Reddy.
Of the Rs 1,500 crore plan, Rs 500 crore has already been invested in 2008-09 to acquire lands and for adding 200 beds (to make a total of 7,450). In 2009-10, the group will add another 844 beds. The remaining part of the plan will be carried out in 2011.
The group also plans to set up a medical college in Chittoor district of Andhra Pradesh and in Madurai, Tamil Nadu, on 100 acres and 50 acres of land, respectively.
The hospital chain is also planning to set up an Apollo Health City in Hyderabad, with an investment of Rs 150 crore. It is also in the process of setting up a multi-specialty hospital at Bhubaneswar and a Children’s Hospital at Chennai.
