MIOT Hospitals has chalked out an investment plan of Rs 300 crore to expand
its operations into areas of specialties such as cancer treatment, organ
transplant, bone marrow transplant, plastic and cosmetic surgeries.
It plans to increase its bed capacity from the current 450 to 1,000 by 2013
at its Chennai hospital. To meet the growing needs of patients, the additional
capacity will also include 500 rooms and 18 operations theatres.
The proposed expansion is likely to be funded through internal accruals,
shareholders and the banks. The company is expected to raise Rs 150 crore
through debt.
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