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
  • Quick Service Restaurants
    About Us: What a sandwich is an American restaurant selling submarine..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
  • Others Food Service
    About Us: Utopia Food Labs has 6 premium brands under its..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater BENGALURU Karnataka
  • Car wash / Ceramic Coating / Detailing
    About us: Manmachine group is a 32 yrs old company, pioneer..
    Locations looking for expansion Uttar Pardesh
    Establishment year 1987
    Franchising Launch Date 2016
    Investment size Rs. 30lac - 50lac
    Space required 1500 - 2000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Noida City Uttar Pardesh
  • Automobile maintanance related
    About Us: Car Mall is a one-stop shop to buy and..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 3500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai 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