Apollo Hospitals is currently investing Rs1,400 crore for setting up four hospitals, a few clinics and homecare services in the country.
“The four hospitals will come up in Mumbai, Bengaluru, Guwahati and Visakhapatnam,” Joint MD Apollo hospitals, Sangita Reddy, said.
“It was Rs1,400 crore investment including the Guwahati facility (besides three other hospitals) and Homecare investments made in clinics during last year,” Reddy told reporters on the sidelines of the launch of Apollo Homecare operations. Earlier, group chairman Prathap C Reddy said Apollo Hospitals currently has 9,000 beds and is expected to cross 10,000 once the new hospitals commence operations in a few months.
“Currently, the debt-equity ratio is in a comfortable position. All the new hospitals are funded through the internal accruals. If we go for new hospitals after this, then we may look for funding from outside,” Prathap C Reddy said when asked about the funding of the hospitals.
According to him, the investment for Mumbai hospital is Rs550 crore while Bengaluru and Visakhapatnam facilities will cost Rs150 crore and Rs170 crore, respectively.