The Expansion of hospitals following the rising investments

▴ FORTIS APOLLO AND SAHYADRI HOSPITALS
Various hospital chains, including Fortis Healthcare and Apollo Hospitals, have triumphed, according to the sources, with a growth in revenue of 23% year over year (YoY), which includes an increase in the number of operations and occupancy. Most hospitals, who are confident in this growth, have plans to upgrade their facilities and add more beds through various brownfield investments and merger and acquisition (M&A) procedures.

During the pandemic, most hospitals were impacted due to lower patient footfalls, not equipped procedures and the absence of medical tourism.
As per the sources, various hospitals chains including Fortis Healthcare and Apollo Hospitals have emerged victorious with a growth in revenue of 23% year on year (YoY) this includes a higher amount of surgeries and an increase in occupancy. Confident in this growth, most hospitals plan to upgrade their infrastructure and increase their bed sizes through various brownfield investments and merger & acquisitions (M&As) processes.

Fortis Healthcare
1. Fortis Healthcare was established in 1996 and has since grown into one of India's largest healthcare delivery networks. It operates hospitals, diagnostic centres, and daycare facilities across India and in a few other countries.


2. Fortis Healthcare operates a network of hospitals in various cities across India, including Delhi, Mumbai, Bengaluru, Chennai, Kolkata, and more. These hospitals provide comprehensive medical services across multiple specialities, including cardiology, neurology, orthopaedics, oncology, and more.


3. According to the CEO and MD Ashutosh Raghuvanshi of Fortis Healthcare “The company further wants to expand by both brownfield and inorganic modes, as of now the company planning to add 1400 beds alone from the brownfield investments over the next few years.

Apollo hospitals

1. Apollo Hospitals operates a network of hospitals, clinics, and diagnostic centres across India and other countries, providing a wide range of medical services and specialities. Their facilities offer advanced medical technology and equipment, along with highly trained healthcare professionals.

2. Apollo Hospitals is also eyeing expansion in major metropolitan areas including Delhi and Mumbai, alongside efforts to enhance occupancy and growth in the Karnataka cluster. Plans are underway to add 2,000 beds with a projected investment of over ₹3000 crores ($404 million) over the next four years.


3. An analyst said, the revenue growth for Apollo remained at 21.3% year on year (YoY). while the earnings before interest, taxes, depreciation and amortization (EBITDA) margin was 11%. Net profit margins during the year grew from 1.3% in FY21 to 7.5% in FY22.

Sahyadri hospitals

1. Sahyadri Hospitals are the largest chain of hospitals in Maharashtra. It is the brainchild of Dr. Charudutt Apte, one of India's most renowned Neurosurgeons and more importantly an ardent practitioner of ethical medical practices.

2. Sahyadri hospitals Plans to expand into the western region of India with an investment raised of over 7 billion in about four years. according to the hospital, the expansion will be in Navi Mumbai, thane, Pimpri, Chinchwad, Nagpur, Solapur, Kolhapur and others.


3. According to the note by the hospital, “the growth plan would be through new and acquired hospitals.”

Tags : #indianhospitals #expansion #investment #healthcare #apollohospital #sahayadrihospital #fortishospital #hospitalgrowth #medicircle

About the Author


Sunny Parayan

Hey there! I'm Sunny, a passionate writer with a strong interest in the healthcare domain! When I'm not typing on my keyboard, I watch shows and listen to music. I hope that through my work, I can make a positive impact on people's lives by helping them live happier and healthier.

View Profile

Related Stories

Loading Please wait...

-Advertisements-




Trending Now

The Ethics of Live Surgery Broadcasts: NMC Seeks Public OpinionMay 17, 2024
Successful Removal of 3.7 KG Large Abdominal Tumor from 14-Year-Old Somalian Girl at KIMS Cuddles HospitalMay 16, 2024
iLEAD Sets a Precedent by Launching a Graphic Anthology Authored by Multimedia, Animation and Graphics Students May 16, 2024
Ramaiah Memorial Hospital Launches Novel Intra-Operative Radiation Therapy (IORT); Achieves significant advancement in Cancer Treatment to Enhance Quality of LifeMay 16, 2024
IIITH Announces Product Management Summer SchoolMay 16, 2024
Çelebi India's Delhi Cargo Terminal Successfully Handles Airbus H125 Helicopter ShipmentMay 16, 2024
Plant-Based Diets and Prostate Cancer: New UCSF Study Shows Promising ResultsMay 16, 2024
National Medical Commission Approves 112 New Medical CollegesMay 16, 2024
Study Suggests That Chemotherapy Results in Physical Decline for Older Women with Breast CancerMay 16, 2024
Google DeepMind's AlphaFold 3: Revolutionizing Drug Discovery with AIMay 16, 2024
Hester Biosciences Ltd reports Consolidated Revenue growth of 18% at Rs. 79.3 crore, EBITDA up 37% to Rs. 16.4 crore and Net Profit up 12% to Rs. 6.40 crore in Q4FY24May 16, 2024
Akshay Tritiya Parna Mahotsav heldMay 16, 2024
IT Minister Sridhar Babu to grace the 10th National Facilities Managers Summit-2024, to be held in the cityMay 15, 2024
Alarming Study Reveals Cancer-Causing Chemicals in Car InteriorsMay 15, 2024
India's Thalassemia Challenge: The Importance of Early Screening and TreatmentMay 15, 2024
The Dangers of Ultra-Processed Foods: A 30-Year Study Raises AlarmsMay 15, 2024
Unique Genetic Risk Factors for Breast Cancer Found in African Ancestry StudyMay 15, 2024
AsiaMedic partners with Sunway to establish new diagnostic imaging centreMay 14, 2024
Kamineni Doctors Successfully Remove Bone Stuck Near Heart in Elderly PatientMay 14, 2024
On International Nurses Day, American Oncology Institute (AOI) launches #TheExtraordinaryCareGiver Campaign as Tribute to Oncology NursesMay 14, 2024