India-based multi-speciality hospital chain Kauvery Hospital has announced an investment of Rs20bn ($243.5m) to expand its capacity in the next three years, reported the Hindu Business Line.
It plans to have around 3,500 beds across its various locations in south India.
As part of this expansion plan, the hospital inaugurated a 250-bed tertiary care facility on Radial Road, Kovilambakkam in south Chennai, reported the Week.
This hospital is located between the IT corridor of Old Mahabalipuram Road and GST Road, which leads to Chennai Airport.
The hospital is equipped with advanced medical infrastructure and skilled professionals to deliver quality healthcare services.
With more than 250 beds, including specialised care for critical cases and newborns, Kauvery Hospital, Radial Road, offers comprehensive care in various specialities such as neurosciences, cardiac sciences, gastro sciences, renal sciences, women and childcare, trauma care and emergency medicine.
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The report stated that the hospital features a modern Cath Lab, modern operation theatres and advanced imaging services, thereby ensuring accurate diagnostics.
Speaking at the event, Kauvery Hospital chairman S Chandrakumar noted that the new facility marks the ninth hospital for the healthcare provider across six different locations.
He said: “With this facility, we have reached 550 tertiary care beds in Chennai. Our plan is to have 1,000 tertiary care beds in Chennai alone in the next 24 months.
“At the group level, our focus is to have 3,500-plus beds in the next three years. So, our total capital outlay towards the expansion will be Rs18,000m–Rs20,000m.”
Kauvery Hospital started as a 30-bed hospital in Tiruchi in 1999. It has grown its network to encompass 15 hospitals with more than 1,500 beds, serving cities, including Chennai, Tiruchi and Bengaluru.
In March, Kauvery Hospital secured a $70m investment from a private equity fund managed by IIFL AMC.
This funding is aiding Kauvery in its plans to expand to 3,500 beds and explore the possibility of going public in the next 36 months.