Apollo Hospitals to invest Rs. 1,200 crore in cancer care technology – Feedback

Apollo Hospitals will invest about Rs. 1,200 crore in advanced precision oncology care, according to its Executive Vice- Chairperson Preetha Reddy.

Speaking to newspersons after formally announcing the launch of a new vertical, Apollo Cancer Institute, by amalgamating the existing nine institutes across the country, she said out of the proposed investment Rs. 650 crore will be spent on proton therapy treatment facilities to be installed in the Apollo Cancer Institute in Chennai. “The equipment alone will cost approximately Rs.400 crore. The remaining investment will be used to upgrade existing oncology treatment infrastructure,’’ she said. The required funds are likely to be mobilised by a combination of debt and equity. The proton therapy will be available for the patients by 2018. The cost of a single treatment could be around Rs. 20 lakh, said Prathap C Reddy, Chairman, Apollo Group.

http://www.thehindubusinessline.com/todays-paper/tp-news/apollo-hospitals-to-invest-rs-1200-cr-in-oncology-segment/article8939644.ece

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