Manipal Hospitals plans to open two greenfield hospitals, one in Pune and the other in Hyderabad, with bed capacity of 300 each, in two years. The healthcare chain also plans to add nearly 600 beds in its existing premises in two years.
“The total investment for increasing the numbers of beds by 1,200 will be around Rs 300 crore. The money will be raised by debt, long-term leases and other financial options,” Rajen Padukone, CEO, Manipal Hospitals, has said.
Manipal Hospitals is also scouting to acquire smaller independent hospitals in India. “We are looking for expansion in Tier-II and Tier-III cities near the areas where we already have a presence,” Rajen Padukone has said.
The healthcare chain currently has 14 hospitals, which are into both commercial and medical colleges. Out of the current 4,000 beds, 1,600 beds are in the commercial wing and the rest are in the medical education wing. [Source: MoneyControl]