Apollo Hospitals Enterprise plans to expand its presence by 2013.
The company has earmarked Rs 1,000 crore to set up 12 new 'Apollo Reach'
hospitals in tier-II and tier-III cities across the country. The investment per
hospital is likely to be in the range of Rs 80 to Rs 100 crore. The company has
raised funds for the first six hospitals through debt and internal accruals.
While, the company has started construction work at
Trichy (Tamil Nadu), Varanasi, Allahabad,
Visakhapatnam, Nashik, and suburban Mumbai, it is still in the process of
finalising sites for six more.
Also, it plans to invest Rs 100 crore for setting up another 500 pharmacies
across the country over the next fifteen months. At present, it has nearly 1,200
pharmacies in India.