Apollo Hospitals has ventured into the medical rehabilitation space in a 50:50 joint venture with Italy-based post acute care service provider Kos Group and plans to open centres in top metros in the coming three to five years, announced a senior company official.
The joint venture company named ApoKos has already established its first centre in Hyderabad and will run it as a pilot project for a year before entering newer markets. ApoKos chief operating officer Rahul Khandelwal said, “This centre will act as a pilot project for us and will then look at opening such centres in Mumbai, Delhi, Kolkata and Chennai. Each hospital containing 60 beds will entail an investment of about Rs 15-20 crores.” Apollo would be the first hospital chain in the country to enter this Rs 20 billion medical rehabilitation market which is largely unorganised. In this JV, the investments will be divided among the parties equally while Kos Group will train the Apollo staff for this service. Both the parties were in talks since 2012.