Apollo Hospitals is planning to invest around Rs 1,800 crore over the next 24 months to increase it bed strength to 13,500 across 70 operational hospitals in India and overseas, said group chairman Prathap C Reddy.
By mid-February, it would open its 300-bed hospital in Bhubaneswar. The hospital would be connected to other national and international centres through a dedicated telemedicine network.
Recently, Apollo Hospitals received $50 million as term loan from the International Finance Corporation for expansion of its Reach Hospitals. The first three Reach Hospitals would soon become operational and financing for the first phase, which involves setting up of 20 Apollo Reach Hospitals, is in place.
Meanwhile, R Basil joined as executive president - healthcare. Based at Chennai, he will head the hospitals division.
