India-based CK Birla Hospital for Women has announced its plans to invest up to Rs10bn ($140m) to build around 14 hospitals across the country by the end of 2025.
Currently, the healthcare provider has one 75-bed multi-speciality hospital for women in Gurugram.
CK Birla Hospital for Women founder Avanti Birla was quoted by PTI as saying: “We are looking to add around 14 hospitals by the end of 2025 across the country. The investment on this would be up to Rs 10bn. All these hospitals will be in the similar format of our Gurugram hospital.”
Each of these hospitals will have around 75 to 80 beds. With the opening of these hospitals, the firm will have a total aggregate of 1,400 to 1,500 beds.
These hospitals will be built in tier 1 cities and smaller cities. Currently, the firm is evaluating the locations to open new hospitals.
Birla added: “We are looking at different sources of funding. Right now we are primarily privately funded, but going forward it will be a mix of funding from the group, internal accruals and we will also tap external sources.”
Birla told the news agency: “There is a huge need in India for hospitals focusing on women as they are under-served and that is what driving us to set up these hospitals.”
CK Birla Hospital for Women COO Akshat Seth was quoted by PTI as saying: “There is a distinct focus on providing quality healthcare for women and the whole clinical and service proposition is built around that. Having built what is good for women also serves the men as well.”
CK Birla Hospital for Women is part of the C K Birla Group, a $2.4bn diversified group with interests across automotive, infrastructure, technology, healthcare and education, and home and building.