Fortis Healthcare is planning to invest $500 million till 2010 to expand its domestic and overseas operations. A public issue to part-finance the expansion programme is being considered.

The plan envisages acquisitions as well as greenfield projects, which will include a hospital in Srinagar, and is in addition to the acquisition of Escorts Hospital & Research Institute. The company is also open to management contracts and executing hospital projects for others. 

Fortis two hospitals in Vasant Kunj [Delhi] and another in Srinagar is expected to be operational by May 2006.

Part of the Ranbaxy group, Fortis Healthcare has ten hospitals spread over Mohali, Delhi, Faridabad, Noida and Amritsar.

The group has forayed into the contract research space with its Fortis Clinical Research Services and is looking at creating a chain of hospital pharmacies and has a Rs.1,000 crore plan to set up a medical complex on the lines of Medicity in Gurgaon.

Also See:

Fortis plans healthcare centre in Delhi (08-Mar-06)