Apollo Hospitals to invest around Rs 1,000 crore over next two years – Feedback

Apollo Hospitals is planning to invest around Rs 1,000 crore over the next two years. The healthcare major said this investment will help the company to add around 1,500 beds and will take overall bed capacity to over 10,500.

The company also said it is waiting for approval to raise Rs 750 crore through rights issue. Krishnan Akhileswaran, chief financial officer, Apollo Hospitals Ltd said in the last three years the company added 11 hospitals with around 1,725 beds. This includes two hospitals at Malleswaraj in Bangalore and Visakhapatnam in Andhra Pradesh. The expenditure incurred during the fourth quarter had impacted net profit marginally, which dropped by around 2% at Rs 75.69 crore. Besides, Apollo lined up investment of around Rs 1,000 crore over the next two years and it will increase number of beds of around 1,000 beds.

http://www.business-standard.com/article/companies/apollo-hospitals-to-invest-around-rs-1-000-cr-over-next-2-years-116052600341_1.html

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