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Business News/ Companies / Apollo Hospitals to add 500 beds by the end of FY12
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Apollo Hospitals to add 500 beds by the end of FY12

Apollo Hospitals to add 500 beds by the end of FY12

Lab technicians analyse blood samples in Indraprastha Apollo Hospital, New Delhi. Photo: BloombergPremium

Lab technicians analyse blood samples in Indraprastha Apollo Hospital, New Delhi. Photo: Bloomberg

New Delhi: Healthcare major Apollo Hospitals on Thursday said it will add 500 beds by the end of this fiscal, taking the total bed strength of the group to over 9,000.

Lab technicians analyse blood samples in Indraprastha Apollo Hospital, New Delhi. Photo: Bloomberg

At present, Apollo Hospitals has a capacity of over 8,500 beds across 54 hospitals within and outside India.

When asked about the group’s move to hive off its retail pharmacy business into a separate entity, she said: “There are no plans at present. We will do it at the appropriate time."

The company is also mulling setting up three medical colleges in the next five years as part of the plans to expand its medical education venture.

The Chennai-headquartered healthcare chain is already running 11 nursing and hospital management colleges. It has 1,200 pharmacies and over 100 diagnostic clinics across the country.

Shares of Apollo Hospitals on Thursday closed at 513.65 on the Bombay Stock Exchange (BSE), down 1.02% from its previous close.

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Published: 29 Sep 2011, 05:28 PM IST
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