Telangana or Andhra Pradesh, both states would have to ensure conducive business environment for industries Sangita Reddy, MD of Apollo Hospitals said.
Apollo Hospitals expects growth to pick up in the medium-term after sales fell due to extensive holidays during the quarter. Joint MD Suneeta Reddy adds that the healthcare major plans to add another 950 beds in next 18 months
Apollo Hospital will soon establish a Proton Therapy Center in Tamil Nadu that will augment cancer offering to patients and is likely to be commissioned by FY18, CFO Akhileshwaran Krishnan told CNBC-TV18.
Apollo Hospital is in talks to take over Lifeline multi-specialty hospital in Old Mahabalipuram Road in Chennai. AK Krishnan, CFO, Apollo Hospital told CNBC-TV18 that there will be around Rs 50-60 crore of total investment going into this. "Our plan is to put this for use over the next three-four months", he added.
Clocking a year-on-year net of Rs 80.6 crore, Reddy expect EBITDA margins to grow at current levels, going forward. She adds that larger plans include increasing the total bed count to 9,100 by end of FY14.