Apollo Hospitals is planning to invest around Rs 1,800 crore over the next 24 months to increase it bed strength to 13,500 across 70 operational hospitals in India and overseas, said group chairman Prathap C Reddy.
By mid-February, it would open its 300-bed hospital in Bhubaneswar. The hospital would be connected to other national and international centres through a dedicated telemedicine network.
Recently, Apollo Hospitals received $50 million as term loan from the International Finance Corporation for expansion of its Reach Hospitals. The first three Reach Hospitals would soon become operational and financing for the first phase, which involves setting up of 20 Apollo Reach Hospitals, is in place.
Meanwhile, R Basil joined as executive president - healthcare. Based at Chennai, he will head the hospitals division.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app