The Yashoda Hospitals group is planning to open three corporate hospitals at Bangalore, Mumbai and Chennai by 2012.
The new hospitals with 500 beds each would come up on 3-4 acre. “In the first phase, around Rs 1,000 crore will be invested to create infrastructure and other facilities. The investment could go up to Rs 1500 crore depending on requirement,” GS Rao, executive director of Yashoda Hospitals, said.
The work would start by early next year and would be completed within two years. Of the total investment, Rs 550-600 crore would come as loan from Axis Bank, IDBI and Yes Bank.
“The remaining would be from internal equity, external sources and strategic partners,” he added.
The hospital would offer all the super specialties and services of a general hospital, which it currently provides at its Secunderabad facility, at all the three places.
The group currently has a chain of five hospitals — three super speciality and two cancer hospitals in Andhra Pradesh, with a combined capacity of 1,200 beds.
Its Secunderabad branch has received accreditation from the National Accreditation Board for Hospitals and Healthcare Providers (NABH), a constituent board of quality council of India. Its other hospitals at Somajiguda and Malakpet in the city would get the accreditation by February 2011, Rao said. NABH accreditation provides standardised facility for patients in terms of treatment and medication.