Aakash Healthcare invests Rs 220 cr for hospitals foray

Aakash Healthcare is foraying into the hospitals segment and has invested around Rs 220 crore to launch its first super speciality hospital in Delhi by January 2017.

"We are entering the hospitals segment with the launch of our 230 bed super-speciality hospital in Delhi by January 2017. We have invested around Rs 220 crore for the facility," Aakash Healthcare Pvt Ltd Director Aashish Chaudhry told PTI.

Aakash Healthcare is part of the Aakash Group, which runs education centres across the country.

Apart from other specialities, the focus is on cardiac care, neurosciences, mother and child, nephrology, opthalmology and orthopaedics, among others, Chaudhry added.

Asked about the investment break-up for the hospital, Chaudhry said: "Out of the total investment, Rs 70 crore is equity while rest is loans from banks." The company is also looking to open four more hospitals in the next four years.

"The aim is to open 4 four more hospitals by 2020 end. But these will be smaller hospitals. They will be single speciality surgical hospitals or boutique hospitals, with say focus on mother and child," Chaudhry said.

Investment on the four hospitals will be between Rs 400 crore and Rs 500 crore. For these, the company will be focusing on tier II cities which do not have quality care facilities, he added.