Explore Business Standard
The Union Budget is just a financial document for the year ahead, but a launchpad for India's healthcare system to emerge as a global leader, Prathap C Reddy, Founder and Chairman, Apollo Hospitals said on Saturday. The addition of 75,000 seats over the next five years, coupled with the launch of Centers of Excellence in AI, will foster innovation in health-tech and expand R&D investments, Reddy said in a statement. The announcement to promote medical tourism through private sector partnerships will enhance the capacity to attract global patients and position India as the go-to destination for affordable, world-class medical care under the Heal in India' mission, he added. With support for capacity building and streamlined visa processes, this initiative will ensure India not only heals its citizens but also helps heal the world." The setting up of 200 Daycare Cancer Centers in district hospitals and the inclusion of critical medicines for rare diseases, cancer, and severe chronic
Apollo Hospitals on Wednesday said it has acquired a partially built hospital at Sonarpur in West Bengal's South 24 Parganas with a total capacity of 325 beds in a bid to ramp up its healthcare capacity in the Eastern region. Future Oncology Hospital and Research Center was acquired in an all cash deal of Rs 102 crore by Apollo Multispecialty Hospitals Ltd, a wholly owned unlisted subsidiary of Apollo Hospitals Enterprises. The acquisition is being fully funded through its own internal accruals, the company informed the bourses. This will be the second Apollo Hospital in the Kolkata region and fifth in the eastern region. The announcement comes close on the heels of Manipal Hospitals acquiring an 84 per cent stake in AMRI Hospitals Ltd having a total of 1,200 beds in three hospitals at an enterprise valuation of Rs 2,500 crore. "The addition of this new facility is part of our planned capacity expansion across the country and will allow us to serve even more people in the region,"