Published On:June 22 2011
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Fortis Malar plans expansion of its bed strength to over 1,000 in South
Chennai: Fortis Malar Hospital has expansion plans of taking the hospital chain's bed-strength from 300 to 1,000 over the next 12-18 months.
The expansion will involve an outlay of Rs 300 crore.
While Fortis Malar will pump in Rs 60 crore, it is looking at various options to bring in the rest like raising fresh equity.
Currently, Fortis Malar has two facilities - a 200-bed facility in Chennai and a 100-bed hospital in Puducherry, which Fortis Malar operates and manages.
The Chennai facility will be expanded in 12 months to add 50 beds. The hospital has acquired land adjacent to its existing property and is at an advanced stage of discussions with potential collaborators.
South expansion also includes hospitals in Madurai, Coimbatore and Tiruchi - a combination of greenfield projects and acquiring hospitals.
The combined bed-strength of these will be 300. The Puducherry hospital will also expand to 200 beds.