Fortis Inaugurates 80-Bed Tertiary Hospital in Bengaluru, Investing Approximately Rs 7 Crore

Fortis Healthcare has unveiled a cutting-edge, multi-specialty tertiary care hospital in Nagarbhavi, Bengaluru, following an investment of approximately Rs 6-7 crore in upgrading the facility. With plans to increase its bed count from 80 to 100 to accommodate the growing patient base, Fortis Healthcare strengthens its foothold in Bengaluru, adding to its existing network of hospitals, with Bannerghatta being the largest among them.

Anil Vinayak, Group Chief Operating Officer of Fortis Healthcare, emphasized the organization's commitment to delivering top-notch medical services. He stated, “With the launch of this hospital, we continue our legacy of delivering high-end care to our patients, setting a new benchmark in healthcare excellence. This launch marks a significant milestone in our continued expansion efforts, underscoring our dedication to innovation and our commitment to delivering the finest care to our patients.”

Fortis Healthcare has ambitious plans for expansion, aiming to increase its bed capacity from 4,500 to 10,000 beds across India over the next five to seven years. Vinayak elaborated on the expansion strategy, stating, “This will be a combination of brownfield expansions of existing hospitals. Many of our hospitals are undergoing expansion. We will expand our hospital on Bannerghatta Road in the next couple of years. In addition, we will launch the acquired Meodar Hospital in Manesar having 450 beds, in the upcoming months. We are on the lookout for expansion, both brownfield and acquisitions.”

The hospital also targets a growth in Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of about 20 per cent. Vinayak expressed confidence in maintaining their performance while refraining from making forward-looking statements.

Akshay Oleti, Business Head of Fortis Hospitals Bengaluru, highlighted the significance of the new facility in enhancing healthcare services for a wide range of patients. He stated, “It signifies our commitment to providing our patients with informed choices and the best cutting-edge healthcare facilities that the world has to offer. At Fortis, we are dedicated to ensuring that our patients receive quality care and attention at every step of their journey.”

BS