India-based Apollo Hospitals Enterprise (AHEL) has plans to invest $86m to add 765 beds over the next five years.
Currently, the hospital chain has a total network to 73 hospitals.
It added more than 1,000 beds a year in the past. In 2017, the firm announced its plans to slow down the speed of boosting infrastructure and would focus on increasing profitability and consolidating its operations, reported Business Standard.
The healthcare provider already has 10,000 beds across its total network as on 31 March 2018.
In the last few years, the firm has added 13 new hospitals with over 2,400 beds with an investment of Rs19.30bn ($268m).
In its latest report, the company management stated: “Towards this expansion, we have an additional capital expenditure commitment of Rs 6,210 million. Additionally, we are also planning to add oncology facilities at the group’s already existing hospitals at places like Vizag and Bhubaneshwar. We hope to become a national leader in this field both in terms of clinical differentiation and volumes.”
Under the expansion plan, the company plans to open a Proton Therapy Centre as part of a Comprehensive Oncology Referral Campus in Chennai, by the end of the current financial year.
In the Asia Pacific region, this kind of treatment is claimed to be currently available in China and Japan.
The company plans to boost its presence in Chennai, Ahmedabad, Mumbai, Bengaluru, New Delhi, Hyderabad, Kolkata, and others.
It also plans to open new hospitals in Tier II and III cities through smaller hospital model.
The firm has 13 hospitals in Tier I and Tier II cities with 2,443 beds and 30 matured hospitals, including in Tier I cities with around 5,910 bed capacity.