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Fortis plans pan-India presence with 40 hospitals by 2012

Fortis plans pan-India presence with 40 hospitals by 2012
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First Published: Wed, May 09 2007. 01 34 PM IST
Updated: Wed, May 09 2007. 01 34 PM IST
Mumbai: Ranbaxy Group company Fortis Healthcare is targeting a pan-India presence with plans to set up 40 super-speciality hospitals by 2010.
“We plan to have 40 hospitals with 6,000-bed capacity by 2010,” Fortis Healthcare Chief Executive Officer and Managing Director Shivinder M Singh said here today after his company’s listing on the Bombay Stock Exchange (BSE).
At present, the company has all-India capacity of about 2,000 beds.As part of its greenfield projects, it will be launching a hospital in Jaipur on 2 June, followed by greenfield facility in New Delhi and Medicity at Gurgaon, Haryana, in the next phase.
“Fortis has aggressive expansion plans...after remaining focused on north India, we plan to expand elsewhere and Mumbai will be the next location,” Ranbaxy Laboratories Chief Executive Officer and Managing Director Malvinder Mohan Singh said.
The company’s first hospital in Mumbai will come up at Vashi in neighbouring Navi Mumbai in the next two-three months, Shivinder said.
Talking about the huge growth opportunities in the healthcare sector, Malvinder said, “The Indian healthcare industry has grown to around $30 billion right now as compared to 20 billion dollars in 2001 and is expected to be worth $40 billion by 2012.”
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First Published: Wed, May 09 2007. 01 34 PM IST
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