Lakshmipriya Nair, EH News Bureau
CARE Hospitals plans to invest around Rs 400 crores in the next two and half years to expand its network and grow as an integrated healthcare provider. Dr Krishna Reddy, Director and CEO, CARE Hospitals informed that the investments would be raised through debt and equity. Advent International, a UK-based PE firm has already invested $105 million into this hospital chain.
CARE Hospitals are present in five states of India i.e. Andhra Pradesh, Orissa, Chattisgarh, Gujarat and Maharashtra. Its expansion strategy is to consolidate and strengthen their foothold in these states. The recently inaugurated CARE Outpatient Centre in Hyderabad is one of the steps to achieve this objective. The centre, inaugurated by Dr APJ Abdul Kalam, the 11th President of India, is the 13th facility from CARE and sprawls across six floors and covers 185000 sq feet. Dr Reddy informed that this outpatients centre was built with an investment of Rs 30 crores and is part of CARE Hospitals’ long term plans.
This outpatients centre is expected to offer an array of services under one roof and pave the way for more such outpatient centres. Dr Reddy revealed that henceforth all the greenfield projects by CARE Hospitals would have separate outpatient centres. The next centre is coming up near the CARE Hospital in Nampally, Hyderabad.
The hospital chain also intends to double their bed capacity i.e. from the present 1600 to 3200 in the next three years. Plans to achieve this target is already underway. Some of the new CARE hospitals coming up in Gachibowli (300 beds) and Vishakapatnam (300 beds) in Andhra Pradesh, Bhubaneshwar (200 beds) in Orissa and Raipur (425 beds) in Chattisgarh.
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