Apollo to invest Rs 400 cr on 10 cancer, heart hospitals

Healthcare major Apollo Hospitals said it will invest Rs 400 crore to set up 10 specialised hospitals in India by 2015 for treatment of heart diseases and cancer. "We will set up ten specialised hospitals at an investment of Rs 40 crore per hospital. These hospitals will be operational by 2015," Apollo Hospitals Group Chairman Prathap Reddy told PTI.

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Out of the total, five will be focused on treatment of heart diseases and the other five on cancer treatment. These will be in addition to the group's plans of adding 2,000 beds. "All these 10 hospitals will have between 50-75 beds each. For these hospitals, we are looking at locations like Chennai, Ahmedabad, Kolkata, Delhi, Varanasi," Reddy added.

Last year, the healthcare major had announced it would add 2,000 beds in 24 months entailing an estimated investment of nearly Rs 1,200 crore. At present the group is one of the largest healthcare chains in Asia with over 8,500 beds across 50 hospitals.

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Source: http://www.moneycontrol.com/news/business/apollo-to-invest-rs-400-cr10-cancer-heart-hospitals_796613.html

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