Healthcare major Apollo Hospitals Enterprise Ltd. (AHEL) is planning to add 2,000 beds over the subsequent four years in four major cities with a capex of ₹3,000 crore, stated chief monetary officer A. Krishnan.
“Over the next four years, we are looking at adding 500 beds each in Chennai, Bengaluru, Gurgaon and Mumbai,” he stated in an interview.
Mr. Krishnan stated AHEL had a transparent street map and likewise a free money stream of ₹800 crore. The growth prices can be predominantly funded by way of inside accruals. AHEL would undertake each natural and inorganic routes for including 2,000 beds.
Currently, AHEL has 10,000 owned and operated beds by way of 43 owned and 5 managed hospitals. Of these, 15 are new hospitals with 2,400 working beds accounting for twenty-four% of the entire numbers, he stated.
“Over the 24-month period, we are looking at adding beds. There will be two brownfields in Bengaluru, which will give us another 400 beds,” MD Suneetha Reddy stated in an earnings name. “Our plan is really to go to 2,000 beds in the next 3 to 4 years with a capital outlay of ₹3,000 crore,” she added.
According to her, Chennai OMR can have a big hospital. More beds in Chennai and Gurgaon can be added FY25 onwards.
Asserting that occupancy throughout the group in the course of the third quarter was 66% in ‘mature’ hospitals and 62% in ‘new hospitals’, she stated, “Our target for the year is 70% and our intention is to take it up to 75% over the next two years.”
