Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jan, 05 2017

Fortis to add five-six hospitals within the next 18 months

Fortis has been eyeing to expand in markets like Africa and Bangladesh through the management and operations model for some time now.

Fortis to add five-six hospitals within the next 18 months

Fortis Hospitals, one of the renowned chains of hospitals in India, has planned to add another five to six hospitals through the operations and management strategy in the next 18 months, as it plans to focus on expanding the network. In the near-term, the company plans to focus only on brownfield expansions. 

The hospital chain is focussing on this model to expand its network in the metros as well as the smaller towns. It plans to soon take over the operations and management of two hospitals in Rajasthan with more than 100 beds. Fortis has been eyeing to expand in markets like Africa and Bangladesh through the management and operations model for some time now.

A senior company official told that its existing network has untapped potential and the company would like to focus on that before big ticket greenfield projects.

A senior official from the company said, "We plan to induct 150 more beds in its Bannarghatta hospital situated in Bangalore, another 500 beds in its Gurgaon hospital among other hospitals."

The official argues that when the company can grow to around 8,000-9,000 beds by not investing a huge amount, why not think of new hospitals. Unlike a greenfield project, in which each bed would cost Rs 1.2 crore, in this case it can cost anywhere between Rs 30 and Rs 40 lakh. At present, the Fortis network has around 4000 beds with 45 hospitals in its name.

Meanwhile, the company still relies on, and plans to rely on SRL diagnostics to facilitate diagnostics. The official states that SRL diagnostics continues to be the best in the diagnostics space. Fortis' board had approved the demerger in August 2016. According to the demerger, SRL diagnostics will be merged with Fortis Malar Hospitals. Fortis Malar business is now a part of the Fortis Hospitals business.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Consumer Electronics
    Pebble is a premium online store of lifestyle electronics such as..
    Locations looking for expansion Haryana
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • About Us: Leayan Global Pvt. Ltd, the fast growing part of..
    Locations looking for expansion Uttar Pardesh
    Establishment year 2011
    Franchising Launch Date 2013
    Investment size Rs. 30lac - 50lac
    Space required Minimum 800 sqft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Kanpur Nagar Uttar Pardesh
  • Express Food Joints / Drive Through
    Oldest paan brand in India. The aim is to capture..
    Locations looking for expansion Haryana
    Establishment year 1965
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Men's Footwear
    Established in 2003, Mr. Pronto is a Chennai-based brand engaged..
    Locations looking for expansion Tamil nadu
    Establishment year 2003
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities