Dedicated locality research platform
Dedicated locality research platform
Enter your email address and you will receive
a link to reset your password
Apollo Multispeciality Hospitals Ltd, a wholly-owned subsidiary of Apollo Hospitals Enterprise Ltd, has strategically acquired a partially built hospital in Sonarpur, Kolkata, with a total bed capacity of 325, for a cash consideration of Rs 102 crore. This move solidifies Apollo's presence in Kolkata, marking its second hospital in the city and the fifth in the eastern region. With this acquisition, Apollo Hospitals' network in the eastern region expands to 1,800 beds, covering key locations such as Kolkata, Bhubaneshwar, and Guwahati.
The announcement, made through a press release, outlines that the first phase of this multi speciality hospital, featuring 225 beds and covering an expansive 1.75 lakh square feet, is slated to be commissioned within the next 12 months. Notably, the entire acquisition will be funded internally by Apollo Multi Speciality Hospitals, underscoring the company's robust financial standing.
The healthcare major's focus on planned expansion reflects a comprehensive strategy to strengthen its position as a leading healthcare provider. By strategically investing in new facilities and bed capacity, Apollo Hospitals aims to enhance its service capabilities, ensuring access to quality healthcare for a broader population.
This acquisition is not just a facility addition; it is a strategic step towards fulfilling Apollo's commitment to delivering advanced healthcare solutions and expanding its footprint in regions with increasing healthcare demands. The fully funded internal accruals demonstrate Apollo's financial prudence and confidence in its growth trajectory.
In conclusion, Apollo Hospitals' acquisition of the 325-bed hospital in Kolkata marks a significant milestone in the company's expansion strategy. The move aligns with Apollo's commitment to enhancing healthcare infrastructure, ensuring accessibility, and fortifying its position as a leader in the healthcare sector. As Apollo continues its planned capacity expansion, the company is well-positioned to address the evolving healthcare landscape and contribute to the well-being of communities in the eastern region.
Propscience is India’s dedicated property news portal. We cover the latest events, news, trends, deals, new launches and more.
All our services and tools are completely free of cost and available 24X7!
