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
Mercator plans to restructure loans as losses mount
Posted on 17th June 2019
In view of its worsening financial condition, Mumbai-based Mercator Ltd is looking at restructuring its loans. The company's total liabilities at the end of the last financial year (FY) stood at Rs 2,370.86 crore, an increase of Rs 168.68 crore from a year ago.

Govt to send notices to top NBFCs over investor deposits
Posted on 17th June 2019
The Ministry of Corporate Affairs (MCA) will soon send notices to the country's top non-banking finance companies (NBFCs), including Dewan Housing Finance Ltd, Shriram Transport Finance Company and Mahindra & Mahindra Financial Services Company known as Mahindra Finance, over non-transfer of fixed deposit money of small investors to the government as mandated under the law, a person privy to the development said.

PM Modi pitches for structural reforms in agriculture to boost investment
Posted on 15th June 2019
With the farm sector facing headwinds, Prime Minister Narendra Modi on Saturday stressed upon the need for structural reforms in agriculture which would boost private investment, strengthen logistics and provide ample market support to farmers.

Delivering the opening address during the fifth Governing Council meeting of NITI Aayog, PM Modi said that the food processing sector should grow at a faster pace to benefit the farmers.


Importance of Bitcoin futures has been understated, JPMorgan says
Posted on 15th June 2019
Bitcoin futures may be more important than many in the market appreciate, according to JPMorgan Chase & Co.

Recent reports from cryptocurrency asset manager Bitwise and the Blockchain Transparency Institute indicate that only a small percentage of reported trading may be authentic.


Air India spreads its wings, plans flights for Bali, Nairobi and Toronto
Posted on 15th June 2019
Air India plans to launch services from Delhi to Bali, Nairobi and Toronto in the winter schedule as it looks to consolidate its position as the largest carrier on overseas routes from India.

Currently, there is no non-stop service from Delhi to Nairobi and Bali while Air Canada flies daily to Toronto. New services are being proposed as Air India expects the return of its seventeen grounded planes in service by October end.


» 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

Private insurers continue strong growth in May, smaller ones gain more

L&T Construction bags large orders across various business segments

Wipro rolls out new solutions for aviation sector

Rupee rises 8 paise to 69.38 vs $ in early trade

Microsoft unveils Project Scarlett, the next-gen Xbox: All you need to know

More India News

Photo Gallery

Shahid Kapoor(11 Images) Shahid Kapoor
Upendra(11 Images)Upendra
  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