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Apollo Health City eyes more foreign patients
Posted by Srini Uppala | December 7, 2007 | 318 views
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Loading ...Apollo Health City, the first health city in Asia launched by the Apollo Hospitals Group in Hyderabad, expects the inflow of foreign patients into its campus to double by the end of this financial year, as against the expected annual growth of 20 per cent nationally, according to its chief executive officer Hari Prasad.
“The spectrum of illnesses, for which patients from abroad are flowing into Hyderabad, is increasing by the day. We had been witnessing a 10-15 per cent growth, and expect this to double to 40 per cent by this fiscal end,” he said.
Apollo Health City, an integrated healthcare system offering solutions across the healthcare space, has also embarked on an expansion within its campus, at an investment of around Rs 120 crore.
This includes a new building comprising facilities for cosmetic surgery, a block for international patients and a block for high-end cardiology.
The first phase of the expansion would be completed by April 2008, and the entire project by September 2008, Prasad said.
Apollo Health City currently has a 350-bedded multi-speciality hospital with over 50 specialities and super-specialities and 10 centres of excellence.
Prasad said Apollo was also setting up an exclusive 10,000-sft rehabilitation facility for neurology, orthopedic, cancer, cardiac and ENT in the Health City premises.
“The facility would mostly cater to rehabilitation of outpatients. However, we are creating a separate block for patients from outside the state and abroad. It would be up and running from January 2008, and we expect to see 150 footfalls a day,” he added.
Apollo Hospitals over the last week decided to raise close to Rs 800 crore through debt and equity to finance its expansion plans across India.
Apollo through this move joins a growing list of hospital chains who are targetting expertise of global private equity players who not only bring immense amount of cash but also a wealth of worldwide network.
SOURCES:
Business Standard
Topics: Job Matters, Health |
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