Wednesday, September 18, 2013 South Asia
Source: The Hindu Business Line
Apollo Hospitals will bank on its own revenues for its rural healthcare drive under the brand Apollo Reach, with an aim at faster return on capital expenditure. “We have 10 Reach hospitals in operation. In the next three years, we’ll have 1,300 beds set up in Tier I cities, and another 1,100 in Tier II cities,” said Joint Managing Director Suneeta Reddy. Setting up a Reach hospital in a Tier II city will cost about Rs 50 lakh, which is less than half of what it takes for a healthcare centre in a city, she said. Each Reach hospital has about 120 beds.