Apollo to invest Rs 2,400 crore for expansion

CHENNAI: Country’s first corporate health-care provider, Apollo Hospitals, is ramping up its presence as it lins up investments of Rs 2,400 crore over next three years for expansion plans. This will include setting up 14 hospitals and a proton therapy centre for cancer treatment.

“As part of our overall expansion plans we have planned to open 14 h…ospitals in the next three years at an investment of Rs 2,000 crore,” Apollo Hospitals group chief financial officer Krishnan Akhileshwaran said.

Apollo Hospitals has been on an expansion drive, setting up two hospitals every three years. Facing stiff competition Apollo Hospitals Group Chairman Pratap C Reddy said they have expedited the process and are now establishing these 14 hospitals over the next 30 months.