Columbia Asia to set up eight hospitals across Asia

International chain of hospitals, Columbia Asia, which inaugurated its Ahmedabad facility today, plans to invest around $180 million (or around Rs 900 crore) over the next four years to add eight new hospitals across India, Indonesia and Malaysia. Of this, India would get three 150-bed hospitals.

For the 104-bed multi-speciality Ahmedabad hospital the Group has invested close to Rs 100 crore. This is the 11th property of Columbia Asia in India. “We will concentrate on areas like Bangalore, National Capital Region and Pune for the upcoming hospitals. The overall investment is not decided yet,” said Tufan Ghosh, chief executive officer, Columbia Asia Hospitals.

The Group operates around 1200 beds across its eleven facilities in India and the country accounts for nearly 45 per cent of its global revenues.

The India turnover for 2013-14 was around Rs 500 crore. The organised healthcare business in the country is growing at 23-25 per cent growth rate, said Nandakumar Jairam, chairman and managing director of Columbia Asia Hospitals.