Apollo Hospitals Launches its Second Facility in Kolkata in a Deal Worth INR 102 Cr

Reportedly, the newly acquired property will be able to accommodate 325 beds. The initial phase of the hospital, comprising 225 beds, is scheduled to be operational within the next 12 months.

Apollo Multispeciality Hospital has acquired a partially constructed hospital with equipment, thereby, establishing its second hospital in Kolkata in a cash deal worth INR 102 Cr.

Reportedly, the newly acquired property will be able to accommodate 325 beds. The initial phase of the hospital, comprising 225 beds, is scheduled to be operational within the next 12 months.

This acquisition aligns with Apollo Hospitals' expansion strategy in key regions, including brownfield and greenfield projects. Moreover, this acquisition marks the company's fifth addition in the eastern region, increasing the group's total hospital bed capacity to over 1,800 across Kolkata, Bhubaneswar and Guwahati.

Over the next three years, Apollo Hospitals intends to add another 700 beds to bolster its presence in the East, bringing the total bed count in the eastern region to 2,500.

The purchase of 1.4 acres of land was made from Future Oncology Hospital and Research Centre (Future) through an assets purchase process. Additionally, the acquisition was fully funded by Apollo Multispeciality Hospital through its own internal accruals.

Speaking on the acquisition, Suneeta Reddy, MD, Apollo Hospitals said, 'œFor over 20 years, consumers in Kolkata and the North-East have trusted Apollo as their care provider of choice due to our unique combination of cutting-edge technology, exceptional clinical talent, and compassionate service. The addition of this new facility is part of our planned capacity expansion across the country and will allow us to serve even more people in the region.'

Founded in 1983, Apollo, India's first corporate hospital, aims to provide international standards of healthcare within the reach of every individual. Currently, their healthcare ecosystem includes hospitals, pharmacies, primary care & diagnostic clinics and several retail health models.

Just a few days back, Apollo Hospitals launched the latest generation Ophthalmology Laser Machine. The latest technology offers a wide range of advanced eye procedures and various laser-assisted corneal transplantation surgeries, promising remarkable precision, enhanced safety and minimal impact on surrounding tissue. 

Further, the hospital group in Tiruchi introduced an AI-augmented Optical Coherence Tomography (OCT) imaging system to enhance cardiac care. Through this technology integration, Apollo envisions providing more precise and tailored treatment strategies for heart-related issues. 

In another instance, the hospital group has set its eye on expanding its offline pharmacy network by adding 500-600 new outlets. With this initiative Apollo aims to achieve INR 10,000 Cr revenue by the end of the current fiscal year.