Brownfield expansion will give us 1,700 beds: Fortis Healthcare MD & CEO

Now that we have strength in our balance sheet, we can go for inorganic expansion, too, in markets where we are already present, says Dr Ashutosh Raghuvanshi, MD & CEO of Fortis Healthcare

Fortis Healthcare is set to acquire Medeor Hospital in Manesar for Rs 225 crore. Dr Ashutosh Raghuvanshi, MD & CEO of Fortis Healthcare, in an interview with Sohini Das, elaborates on his expansion plans. Edited excerpts: 

Is Fortis Healthcare now embarking on a new expansion strategy with this new acquisition in Manesar?

We were focusing on strengthening our balance sheet and improving operations. That was our main agenda from 2019 onwards when I came on board. We always had a strategy for brownfield expansion and inorganic expansion opportunistically. That strategy has not changed. Brownfield expansion will give us 1,700 beds