Apollo Hospitals to spend Rs 2,200 cr on expansion

Apollo Group of Hospitals will spend Rs 2,200 crore on expanding its facilities and will add 2,700 beds in the next three years.

“We are going to spend part of this on expanding our facility in Mumbai and opening Apollo Clinics there. Of the planned outlay, we will spend about Rs 800-Rs 1,000 crore in the next 12 months,” Sangita Reddy, Executive Director of the group, told Business Line here on Thursday.

Specialty areas

In the current financial year, it planned to operationalise 1,000 beds. The group has about 8,500 beds across the country.

“We are planning to open more Apollo Reach hospitals. We have seven such facilities now and eight more are under construction. In all, we will have 21 Reach branded hospitals in the next 24 months. We will open some in the North too,” she said.

The company is also in the process of expanding hospitals under various specialty verticals. “We have four Cradle (mother and child-care hospitals) hospitals now. We plan to add six more in two years,” she said.

The company posted revenues of Rs 3,317 crore in the last financial year, up 18.5 per cent over Rs 2,800 crore the previous year.

Med Mantra

HIMSS Analytics Asia Pacific, an independent firm that certifies hospitals for information management systems, has given Stage 6 certification for Apollo Hospitals’ electronics medical record system implementation.

“Med Mantra, our healthcare IT solution, has been tested for several parameters for the certification. We have a medical record database of 15 lakh patients. They can log in from anywhere and access their records. It is a repository of health records that can be accessed by patients. It is like an e-mail account where you can securely access information from anywhere through the cloud,” Binod Samal, Chief Technology Officer (Corporate and IT Systems), of Apollo Hospitals.

kurmanath.kanchi@thehindu.co.in

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