Indraprastha Apollo Hospitals to undertake Expansion Plans

Indraprastha Apollo Hospitals today announced plans to augment their facilities by an additional 175 beds. The project is expected to be completed within a year.  The hospital is also investing in upgrading technology.

Indraprastha Medical Corporation Ltd. (IMCL), the parent company of Indraprastha Apollo Hospitals, New Delhi, has announced its annual audited results for the financial year ended 31st March, 2009. The total income of the company has grown by 24% to Rs. 405.88 crores against Rs. 328.15 crores in the previous year. 

The profit after tax (PAT) stood at Rs. 23.89 crores against Rs. 16.15 crores in the previous year, an increase of 44%. The Board of Directors has recommended the payment of dividend @15% i.e. Rs.1.50 per share for the financial year   2008-09. (Previous year dividend Rs.1.40 per share).

Indraprastha Apollo Hospitals’ commitment to continuous improvement and focus on clinical outcomes has resulted in significant improvement in resource utilization.  Increased focus on clinical pathways, faster turn-around of operation theatres, decreasing length of stay and the use of minimally invasive surgeries has significantly contributed to revenues while lowering cost to the patient.

About Indraprastha Apollo Hospitals:
Indraprastha Apollo Hospitals, a state-of-the-art multi specialty hospital, is the first hospital in India to be accredited by Joint Commission International (JCI) and has been successfully reaccredited in 2008. Spread over an area covering 15 acres, Indraprastha Apollo Hospitals houses 57 specialties with over 300 specialists and has 587 operational beds, 16 operation theatres, 147 ICU beds, 24 hour Emergency Services as well as a round the clock pharmacy.