Care Hospitals to invest Rs 150cr

Hyderabad-based Quality Care India Limited, which runs a chain of super speciality hospitals, is planning to double the bed strength to 2,000 at an investment of Rs 150 crore by the end of the current financial year.

The company is also planning to set up new hospitals to take the total number of hospitals under its management to 15, according to N Krishna Reddy, director and chief executive officer, Quality Care India Limited.

It will set up a hospital each in Bhubaneswar, Surat, Kochi and Coimbatore. "Besides upgrading the existing hospitals in terms of bed strength and other facilities we are proposing to develop 6-7 centres of excellence in various fields of super speciality medical care," Reddy told the media here on Saturday in connection with the launch of its fourth hospital in the city.

The hospitals has been built at a cost of Rs 15 crore while the land for the facility was given for free by the Gurunanak Trust.

Quality Care India currently operates six super speciality hospitals in Andhra and five outside the state. The company had set up facilities at Raipur (Madhya Pradesh) and Pune this month and took over the 100-bedded Pune-based Lokmanya Hospital with 51 per cent stake, Reddy said.

Care Hospitals earned Rs 180 crore revenues last financial year and hopes to increase it to Rs 250 crore during the current year.