Hotline: 1800 102 2007
X
Search Business Opportunities
Dec, 16 2016

Fortis plans to add two hospitals to its network

The hospital chain believes that the operation and management way of expansion will benefit as one will not have to spend much on creating the infrastructure, which could be anywhere near Rs 250 crores for 100 beds.

Multi-speciality hospital chain Fortis plans to expand its network through the operation and management route.

"The company plans to add two hospitals to its network. These will be in Rajasthan and will become operational by March 2017," a senior official from the company said.

While one is a greenfield hospital, another is an already existing hospital that Fortis will manage. Fortis will also be part of recruiting doctors in order to ensure quality.

The hospital chain believes that the operation and management way of expansion will benefit as one will not have to spend much on creating the infrastructure, which could be anywhere near Rs 250 crores for 100 beds.

The company also has definitive operations and management agreements in other states like Assam and countries like Africa and Bangladesh. Even in the past, the company has maintained that they are not considering investments in Greenfield hospitals but focus on partnering with hospitals to expand their presence.

The CEO of the company Bhavdeep Singh had said that the company could reach 7000-9000 beds from around 4500 beds by just following the operations and management model. For FY16, the Average Revenue per Occupied Bed (ARPOB) stood at Rs 1.37 crore compared to Rs 1.26 Crore in FY15, registering a growth of 9 percent. Average Occupancy across the Fortis network stood at 72 percent compared to 70 percent during the previous year.

The company has recently been trying to consolidate its business. In the month of August, the company announced its demerger with SRL diagnostics. Also, the company is looking at avenues to raise funds up to Rs 5,000 Crores through various sources. The board had approved an enabling provision to raise up to Rs 5,000 crore, earlier this year.

Comment
image
Related opportunities
  • Others Food Service
    About Us: Tandoori Trumpets is a chain of casual dining restaurants..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Womens Wear
    About Us: LoveGen, launched in India’s celebrity city Mumbai, is a..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Goregaon east Maharashtra
  • Gyms and Fitness Centres
    About Us: Vision HRM, is a progressive initiative of dynamic entrepreneurs VishwasKherdikar..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
  • About Us: Attitude is a distinguished brand name that has carved..
    Locations looking for expansion Maharashtra
    Establishment year 1986
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 450
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Malad west Maharashtra
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities