Apollo to set up hospitals in Mumbai, Chennai

Apollo Hospitals today said it has chalked out a Rs 710 crore expansion plan to set up hospitals in Mumbai, besides a full-fledged orthopaedic hospital in Chennai soon.

"We have tied-up with Western Hospitals in Mumbai and will set up Centres of Excellence at various places. Each hospital will have 250-300 beds each," Apollo Hospitals managing director Preetha Reddy said.

She said about Rs 600 crore has been allocated for the expansion in Mumbai and the process of finalising and acquiring land in Navi Mumbai, Thane, South Mumbai and Nasik has started.

The orthopaedic hospital in North Chennai would have 200 beds at an investment of about Rs 110 crore, Reddy said.

The consultancy division of Apollo would soon foray into Khazakhstan and Turkey, with details of the tie-up for the latter almost finalised, Reddy said.

She said the company would soon start work on construction of their hospitals in Ahmedabad, Vishakapatnam and Bhubaneshwar.

"We expect our turnover to reach Rs 1,200 crore by the end of this year. We want to touch the 10,000-bed mark by 2010. Currently, we have about 8,000 beds, both through tie-ups and our own," the MD said.

The plans also comprise schools and colleges of nursing coming up at Madurai and Chennai by the end of the year, she said.