One of India's leading chain of specialty hospitals, Fortis Healthcare is aiming to set up twenty five new low cost hospitals in smaller cities in the country.
The company plans to create a new brand for the launch of these hospitals in tier -2 and tier- 3 cities, but declined to divulge details on the capital cost required for the venture. According to the Fortis Healthcare managing director, Shivinder Singh, the company is committed to provide quality healthcare services at accessible ratesto the entire country.
The company which will mark its tenth anniversary this year plans to launch ten hospitals over the next ten weeks and provide ten free of cost surgeries, at each of the newly launched hospitals. At present, it owns 56 hospitals in the country.The stock of the company was down by 0.95 percent at Rs 161 on Friday at the BSE.
The demand for healthcare services has increased in the smaller towns of India on the back of increase in disposables incomes. Apollo Hospitals announced in January this year that, they are planning to spend Rs 10,000 crore in building 250 smaller hospitals in tier 2 cities .Despite the low real estate cost and lower staff salaries in smaller towns, hospitals face several challenges in these areas which include infrastructure gaps development and geographical accessibility.
As reported in: http://money.oneindia.in/news/2011/07/02/fortis-plans-25-hospitals-aid0096.html
The company plans to create a new brand for the launch of these hospitals in tier -2 and tier- 3 cities, but declined to divulge details on the capital cost required for the venture. According to the Fortis Healthcare managing director, Shivinder Singh, the company is committed to provide quality healthcare services at accessible ratesto the entire country.
The company which will mark its tenth anniversary this year plans to launch ten hospitals over the next ten weeks and provide ten free of cost surgeries, at each of the newly launched hospitals. At present, it owns 56 hospitals in the country.The stock of the company was down by 0.95 percent at Rs 161 on Friday at the BSE.
The demand for healthcare services has increased in the smaller towns of India on the back of increase in disposables incomes. Apollo Hospitals announced in January this year that, they are planning to spend Rs 10,000 crore in building 250 smaller hospitals in tier 2 cities .Despite the low real estate cost and lower staff salaries in smaller towns, hospitals face several challenges in these areas which include infrastructure gaps development and geographical accessibility.
As reported in: http://money.oneindia.in/news/2011/07/02/fortis-plans-25-hospitals-aid0096.html