Apollo plans Rs710-crore expansion; to set up hospitals in Navi Mumbai, Chennai

04 August 2007

Mumbai: Apollo Hospitals has planned a massive Rs710-crore expansion programme, involving the setting up of a multi-speciality hospital in Mumbai and an orthopaedic hospital in Chennai.

The group would invest around Rs600 crore for its Mumbai expansion. Apollo is in the process of finalising and acquiring land in Navi Mumbai, Thane, South Mumbai and Nashik, Preetha Reddy, managing director, Apollo Hospitals, said.

Apollo would also be setting up an orthopaedic hospital in north Chennai with 200 beds at an investment of about Rs110 crore, she said.

"We have tied up with western hospitals in Mumbai and will set up centres of excellence at various places. Each hospital will have 250-300 beds each," Reddy said on the sidelines of a conference on the ''Save a Child''s Heart'' initiative.

Reddy said the group would soon start work on construction of hospitals in Ahmedabad, Vishakapatnam and Bhubaneshwar.

The consultancy division of Apollo would also soon foray into Khazakhstan and Turkey , with details of the tie-up for the latter almost finalised.