Fortis Hospitals to invest Rs250 crore in three metros this fiscal

Healthcare major Fortis Hospitals said on Sunday that it would invest Rs250 crore over the next financial year to expand its facilities in the three metro cities where it is present.

''We plan to invest Rs250 crores in Kolkata, Mumbai and Bangalore. This investment will be done over the next financial year,'' Fortis Hospitals chief executive Vishal Bali told newspersons in Mumbai.
 
With this investment, Fortis plans to set up multi-specialty hospital projects in Kolkata with 414 beds and Bangalore with 120 beds, besides expanding its existing facility in Mumbai, Bali said. The Mumbai project will have 300 beds, he said.

Fortis also plans to set up a separate oncology division in Mumbai in 2010. This facility will have 120 beds. The company will also add 200 beds at its hospital in Bangalore. On completion of expansion, the total capacity in Bangalore, the city where Fortis is headquartered, will be 1,000 by 2011, which will include 120 intensive care unit beds, Bali said.
 
Fortis, which acquired 10 Wockhardt hospitals in August this year for an estimated Rs909 crore, currently has a network of 39 hospitals with a total bed capacity of 5,180 across 12 cities.

After the Wockhardt acquisition, Fortis has strengthened its position in the cardiac surgery, neuro-sciences, minimal access surgery, renal and liver transplants areas, Bali said.