Sunshine Heart Institute, which operates a heart and a super-specialty institute in Hyderabad, is planning to open two multi-specialty hospitals in Chennai and Bengaluru in the next two to three years.
Speaking to Business Standard, Anil Krishna Gundala, managing director of Sunshine, said that the proposed 600-bed multi-specialty facility in Chennai would entail an investment of around Rs 200 crore.
"A feasibility study for the Chennai project is under way. It will be operated from a leased building complex," he said.
Gundala, however, said that the Bengaluru project would be taken up after streamlining the Chennai venture. The Bengaluru hospital, with around 400 beds, would involve an investment of between Rs 100 crore and Rs 150 crore.
He said at least 50 per cent of the funds required for the proposed expansion would be met through loans, while the remaining would come in the form of equity by the promoters or the parent company.
Three promoters, including Gundala, own 49 per cent in Sunshine, while the remaining is held by AV Guruva Reddy Group.
"Private equity will also come in as we go along or it can add up if we don't get loans or funds. So far, there is no PE presence in Sunshine," Gundala said.
