Apollo Hospitals board has decided to further increase their competitiveness in Indian market by investing Rs 3000 crore for its expansion plans. The objective is to double the number of beds in coming years form 2000 nos (present) to 4000 numbers. Private Equity investment is likely to play a major role in funding this expansion plans. Financial Institutions are being contacted by Apollo to generate funds for expansion. The expansion plans include setting up of new hospitals in the rage of 50 more numbers. There is a concern that the expansion plans will raise the debt-equity ratio to 1:1
Apollo is also showing interest in setting up Airport Hospitals in International Airport. The objective is to give easy access to hospitals for patients from overseas. But most probably this project will be done in collaboration with a partner. The decision on partner has still not been taken. As on today Apollo has set up a small health center in Rajiv Gandhi International Airport in Hyderabad.
Apollo has also started a unique Talent management Program in collaboration with XLRI. Executive will be trained by XLRI via video link from XLRI Jamshedpur. The course will offer PG Certification in General Management and Executive Diploma in General Management and Healthcare.
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