Manipal Health Systems (MHS), a healthcare company based in Bangalore, is understood to have put its expansion in Mumbai and Delhi on hold. Manipal is looking to consolidate its presence across 15 hospitals majorly in South India.
It’s failure to raise capital, and rising competition from many new entrants, may have prompted the decision, according to market sources. MHS now says it will focus on the existing operations. The funds it has will be able to meet the demands of its facilities.
With its hospitals now nearly running at “full-capacity”, the nearly 20 year old main hospital on Old Airport Road demands attention, and investments on improving infrastructure and increasing capacity. “The priority now is to further enhance the network of 15 hospitals,” said Rajen Padukone, who took over as CEO recently of MHS.
The hospital chain, which now has 4,000 beds under it, is seeking to expand capacity at its main hospital on Old Airport Road, in addition to the three other hospitals in Bangalore under its management.
Over the next one year or so, the group aims to add 40-50 beds to the existing building and add capacity at the old airport road facility. It is expected to spend about Rs 20 crore on renovating the building, provide new equipment, and do up the OPD areas. It will look at further improving capacity of the facility.
