Vikram Hospital plans to set up chain, starting with two units in Bengaluru

Looks at investing Rs 200 crore to set up 150-200 bedded facilities in the city; hopes to achieve operating profit margin of 20% this year

Bengaluru-based Vikram Hospital is looking to set up a chain of hospitals, starting with two more 150-200 bedded facilities in the city with an investment of Rs 200 crore.

The hospital, which was in deep debt and was taken over by private equity player Multiples in 2015, is also open to rope in new investors to fund these projects. “The PE (Multiples) could also be divesting stake in the hospital to set up these new facilities,” said Somesh Mittal, CEO, Vikram Hospital.

The hospital management has started several initiatives to get the hospital out of the financial mess and turn around the