Fortis Healthcare to hike capacity by 950 beds this fiscal
Oct 30 2012, 12:57 | By PTI
Fortis Healthcare today said it will add 950 beds by March that will include three new hospitals and capacity addition at the existing facilities as part of a big expansion drive.
"About 800 beds will be added in the three greenfield facilities at Gurgaon, Chennai and Ludhiana, while another 150 will be added at other existing facilities across the country by the end of this fiscal," Fortis Healthcare Executive Chairman Malvinder Mohan Singh told PTI here.
Fortis Healthcare group, which today inaugurated a new hospital here with an initial capacity of 450 beds, has an announced capacity of over 12,000 beds across its 76 hospitals in 11 countries.
The new hospital - Fortis Memorial Research Institute - will have 1,000 beds when fully operational in the next 2-3 years. The healthcare chain is investing Rs 450 crore on the multi-speciality care hospital.
The upcoming hospitals in Chennai and Ludhiana will have a combined capacity of 350 beds but the company hasn't shared investments on these new projects.
Commenting on the company's expansion plans in India, Singh said: "We will continue to expand in many more Tier II, III and IV towns in the coming years.
"The new facility will have high-end complex medical treatment facilities provided at affordable rate." It will have 400 doctors, more than 1,000 nurses to cater to patients in the first phase.
"We have drawn international quality medical talent, created the best infrastructure, brought in world's most advanced technologies in an environment of compassionate patient care," Fortis Healthcare Executive Vice-Chairman Shivinder Mohan Singh said.
When asked about the SGD 510.7 million (about Rs 2,260 crore) raised by listing units of Religare Health Trust (RHT) on the Singapore Exchange, he said the proceeds have been used for debt reduction.
"The debt-equity ratio of the company currently stands at 1:1," Malvinder Singh said.
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