IndiaCatalog.com
India News
Search Web Directory
News Home
Apollo Hospitals slows down new bed addition, to add 765 beds in 5 years
Posted on 12th September 2018
Apollo Hospitals Enterprise Ltd (AHEL) is expected to add 765 beds through brownfield and green field in next five years across three hospitals, with an investment of Rs 6.2 billion. This step will help expand its overall network to 73 hospitals. The hospital chain, which added over thousand bed a year in the past, has last year announced that it would bring down the speed of building up infrastructure and look at consolidation and profitability.

The new beds that are to be added come as part of its expansion plan which has been executed in the last few years. This addition of new beds would add to the already existing 10,000 beds it has across 70 hospitals, reported as on March 31, 2018. The company has added 13 new hospitals with over 2,400 beds in the last more few years with a capital investment of Rs 19.30 billion.

"Towards this expansion, we have an additional capital expenditure commitment of Rs 6,210 million. Additionally, we are also planning to add oncology facilities at the group’s already existing hospitals at places like Vizag and Bhubaneshwar. We hope to become a national leader in this field both in terms of clinical differentiation and volumes," said the company management in the latest annual report.

As part of the expansion plans, the company is coming up with a Proton Therapy Centre as part of a Comprehensive Oncology Referral Campus at South Chennai which is expected to be operational by the end of FY 2018-2019. This project is planned in two phases--where the first gantry is scheduled to be installed by December 2018 while the second and the third gantry will take another six months before getting commissioned.

This treatment facility is claimed to be available only in two countries in the whole Asia-Pacific region, i.e in China and Japan. It will provide treatment to a population segment of around three billion people across the globe. The company has been marking a 12 per cent compound annual growth rate in terms of bed count addition from the financial year 1995.

The strategy for the future growth include strengthening its presence in the key strategic markets (such as Chennai, Hyderabad, Kolkata, Bengaluru, New Delhi, Ahmedabad, Mumbai and others), geographic expansion by setting up hospitals in Tier II and III cities through its smaller hospital model reach, increasing patient touch points by way of multiple formats including primary and speciality clinics, optimisation of asset utilisation in mature facilities, compressing time-to-maturity of new facilities and increase in capital efficiency, among others.

In order to improve profitability, the company is also looking at improving average revenue per occupied bed per day through investment in latest medical technologies and skilled physicians and surgeons, while reducing the Average Length of Stay (ALOS) using technologies like minimally invasive surgeries and maximising efficiencies through better supply chain management and human resources development.

Its new hospitals, launched in the last around three years, is to grow at 20 per cent in revenue and 15 per cent in Earnings before interest, tax, depreciation and amortization (EBITDA) margins for the next three years. The matured hospitals, which have been established prior to that, would grow at 10 per cent in terms of revenue.

It has 13 hospitals in Tier I and Tier II cities and 2,443 beds including 1,749 operation beds with 58 per cent occupancy in the new hospitals, which has posted a 2 per cent EBITDA and 33 per cent revenue growth year over year. The matured hospitals constitute 30 hospitals including units in the tier I cities with around 5,910 bed capacity-- of which 5,427 are operational with 67 per cent occupancy. The matured hospitals posted a Rs 35.28 billion consolidated revenue, with six per cent year over year revenue growth and around 20 per cent EBITDA margins.

Commenting on the threats the sector has, the hospital management said that the hospital may face competition from both domestic healthcare chains and international healthcare majors, which may further increase the costs.

Related Companies: Apollo Hospitals    

Other Latest News
World Cup 2019: ICC Dubai meeting likely to discuss India-Pak match in aftermath of Pulwama attack
Posted on 20th February 2019
After a top Board of Control for Cricket in India (BCCI) official suggested that the international cricket body does not have anything to do with the India-Pakistan match in the upcoming World Cup, a source from the ICC has responded to the same.

According to a tweet from ANI, an ICC source has said, There are chances that the India-Pakistan World Cup clash will be discussed on the sidelines of ICC meeting to be held in Dubai from 27th February.


India, Saudi Arabia agree on need to increase pressure on countries supporting terror: Modi
Posted on 20th February 2019
India and Saudi Arabia agreed on need to increase all possible pressure on countries supporting terrorism, Prime Minister Narendra Modi said on February 20 after holding talks with Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud.

Mr. Modi and Mr. Salman explored ways to further deepen strategic ties against the backdrop of escalating tensions between India and Pakistan following the Pulwama terror attack.


Bad loans: SBI writes off Rs 10,000 cr; total by 19 PSU banks at Rs 41,000 cr
Posted on 20th February 2019
Loans written off by a clutch of 19 large and mid-sized public-sector banks (PSBs) in the December quarter of FY19 rose 34% year-on-year (y-o-y) to nearly Rs 41,000 crore, contributing to a reduction in their non-performing assets (NPAs). These banks had written off loans worth only `33,259 crore in Q2FY19, up 24% y-o-y, indicating a gathering of pace in the write-off exercise.

Vijaya Bank saw the steepest increase in write-offs — 243 times y-o-y to Rs 487 crore in Q3FY19. This was followed by IDBI Bank, which saw a 4,783% y-o-y rise in write-offs to Rs 562 crore in Q3FY19.


Tata Motors staff get Rs 9,000 wage hike under pact
Posted on 20th February 2019
Tata Motors has signed a long-term wage settlement (LTS) agreement with its employees that will see workmen get a wage rise of Rs 9,000 per month along with other incentives based on performance. Around 6,500 workmen from the Pune plant will benefit from this agreement.

The Tata Motors management and the Tata Motors Employees Union in Pune signed the LTS on Monday. This is the first time that negotiations for the commercial vehicle (CVBU) facility and the passenger vehicle (PVBU) facilities in Pune were conducted jointly. Traditionally, there used to be a six-month lag between the two wage agreements.


Big setback for RCom: Supreme Court holds Anil Ambani guilty of contempt in Ericsson default case
Posted on 20th February 2019
In a major setback, the Supreme Court has held Anil Ambani guilty of contempt in Ericsson default case, and also directed RCom to pay balance payment of Rs 450 crore to Ericsson in 4 weeks. Notably, in case of default of payment to Ericsson, Anil Ambani will be sent to jail for 3 months, CNBC Tv18 reported Supreme Court as saying. Anil Ambani wilfully did not pay Rs 550 crore to Ericsson, and he a ‘cavalier’ approach, noted the apex court.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Apollo Hospitals slows down new bed addition, to add 765 beds in 5 years
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Apollo Hospitals slows down new bed addition, to add 765 beds in 5 years

Most Read News

At least 37 CRPF personnel killed in suicide blast in J&K's Pulwama, Jaish-e-Mohammed claims responsibility

Bharat Dynamics soars 16% on robust December quarter results

Tata Tiago crosses 2 lakh sales milestone since its launch in 2016

Facebook faces US privacy pact that could cost billions

Dr Reddy's Labs turns volatile; stock rebounds 32% from day's low on NSE

More India News

Photo Gallery

Nenokkadine(19 Images)Nenokkadine
Vivek Oberoi(12 Images) Vivek Oberoi
Jeeva(10 Images)Jeeva
  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2019 IndiaCatalog.com
    All Rights Reserved
Privacy Statement