Apollo Hospitals Group in expansion mode
India’s healthcare behemoth, Apollo Hospitals, has chalked out ambitious plans so far its international expansion is concerned.
The Chennai –headquartered group has announced that it is contemplating opening up hospitals in Indonesia, Rwanda and Sri Lanka in the near future. It already runs hospitals in Dhaka and Mauritius while another facility is likely to start operations in Tanzania in the next few months.
Strong financial results
The chairman Prathap Reddy said that the group would set up tele-medicine centres and clinics in these countries before setting up full-fledged hospitals.
He said that paucity of qualified doctors was the biggest stumbling block in setting up the hospitals in these developing countries.
“As far as Indonesia is concerned, once the government-to-government talks finish, hopefully we may be going there for starting our hospital,” Mr Reddy was quoted as saying in the Economic Times.
The Apollo Hospitals had reported a 13.2 percent spike in its net profit at Rs.78.94 crore for the first quarter ended June 30, 2013 vis-à-vis net profit of Rs.69.74 crore registered in the comparative period last year.
About Apollo Group
The healthcare organization attributed to the healthy financial results to “robust business in all verticals.”
The private healthcare provider has an all India presence. It has a capacity of more than 8,500 beds spread across the 51 hospitals that it operates.
In addition to this the Apollo Group operates diagnostic clinics, dispensing pharmacies and consultancy services. It also has 20 health skill training centers in India.
The international expansion is part of the group’s plan to open 10 more hospitals with a capacity of 2,500 beds by the end of 2013. The cost of expansion plans has been pegged at 1,500 crore.