Apollo Hospitals, India’s leading private healthcare provider, has announced a significant expansion plan for Mumbai and Lucknow, with a total investment of Rs 1,625 crore over the next four years. This investment will be covered through the company’s own funds and additional debt.
New 500-Bed Hospital in Mumbai
Apollo will build a 500-bed hospital in Worli, Mumbai, with an investment of Rs 1,300 crore. The project will be developed through a build, operate, and manage agreement with Konkan Unnati Mitra Mandal (KUMM), a public trust under the Maharashtra Public Trusts Act, 1950, also registered as a society under the Societies Registration Act, 1860.
The new Mumbai facility will also include beds specifically reserved to meet the Charity Commissioner’s requirements, providing care to economically weaker sections of society and aligning with KUMM’s charitable objectives.
Expanding in Lucknow with 200 New Beds
Apollo’s subsidiary, Apollo Medics International Lifesciences, will expand its Lucknow hospital, adding 200 new beds on a 1.2-acre land acquisition. This Rs 325 crore investment aims to keep pace with growing competition in Lucknow’s healthcare market, particularly from Medanta and Max Healthcare, which recently entered through the acquisition of Sahara Hospital.
Existing Operations and Bed Capacity
Apollo Hospitals currently operates around 9,363 beds, with 7,942 owned, 790 under operation and management contracts, and 631 designated for day surgeries and birthing centers. This expansion marks Apollo’s first major move into the South and Central Mumbai markets, areas previously hindered by high real estate costs and limited availability of suitable land.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
