Apollo Hospitals today said it will invest around Rs 1,800 crore in the next two years for increasing the number of hospitals under its operation to 70 with a capacity of 13,500 beds.
At present, the company has 46 hospitals under its operation with a capacity of around 8,000 beds.
"We have now planned an investment of Rs 1,800 crore over the next 24 months and expect to have bed strength of around 13,500 across 70 operational hospitals in India and overseas markets," Apollo Hospitals Group Chairman Prathap C Reddy said in a statement.
It also announced opening its 47th facility in Bhubaneswar.
"By mid-February 2010, Apollo Hospitals will open its 47th Hospital in the Temple City of Bhubaneswar (Orissa) with 300 beds, modern diagnostic equipments and super-speciality services...," Reddy said.
The hospital will be connected to international centres through a dedicated telemedicine network, he added.
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Apollo has recently received $50-million from the World Bank arm International Finance Corporation (IFC) for expansion of its secondary care hospitals under the brand 'Reach'.
The company also announced the appointment of R Basil as the Executive President of Apollo Hospitals group.
"R Basil brings with him over 30 years of rich professional experience across leading organisations in India, including Manipal Hospitals, Wipro GE Medical Systems and Crompton Greaves," the company said.