Apollo Hospitals to invest 1800 cr for bed strength

Health service provider Apollo Hospitals planned to invest Rs 1,800 crores by 2012 to have bed strength of about 13,500 across 70 operational hospitals in India and overseas.

Health service provider Apollo Hospitals planned to invest Rs 1,800 crores by 2012 to have bed strength of about 13,500 across 70 operational hospitals in India and overseas markets.

By mid-February 2010,Apollo Hospitals would open its 47th Hospital in the Temple City of Bhubaneswar with 300 beds,modern diagnostic equipment and super-speciality services including neonatal ICUs,five operation theatres and eight dialysis beds,Apollo Hospitals Group Chairman Dr.

Prathap C Reddy said in a release here on Friday.

Story continues below this ad

The hospital would be connected to the other national and international centres through a dedicated telemedicine network,he said.

Reddy said International Finance Corporation (IFC) recently sanctioned a USD 50-million term loan to Apollo for expansion of its Reach Hospitals.

The first three Apollo Reach Hospitals will soon be operational and the financing for the first phase,that involves setting up of 20 Apollo Reach Hospitals,is in place,he said.

Meanshile,R Basil joined Apollo Hospitals Group as Executive President.

Story continues below this ad

Basil brings with him over 30 years of rich professional experience across leading organizations in India including Manipal Hospitals,Wipro GE Medical Systems and Crompton Greaves,the release added.

📣 For more lifestyle news, click here to join our WhatsApp Channel and also follow us on Instagram