Apollo Hospitals expands presence in Kolkata.

Apollo Multispeciality Hospitals Limited, which is a 100% subsidiary of Apollo Hospitals Enterprise Ltd. has acquired a partially built hospital in Sonarpur, Kolkata with a total capacity of 325 beds as an asset sale.

The first phase of the hospital with 225 beds built over 1.75 lakh square feet will be commissioned in the next 12 months and will bring Apollo’s hallmark levels of care to more consumers in the eastern region by delivering state-of-the-art healthcare across all broad and high-end specialties including a comprehensive Oncology services with Radiotherapy. The acquisition is being fully funded by Apollo Multi Speciality Hospitals through its own internal accruals.

Speaking on the acquisition, Ms Suneeta Reddy, Managing Director, Apollo Hospitals Group said, “At Apollo Hospitals, our mission is to bring the best healthcare to all. For 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.”

This is Apollo’s second hospital in Kolkata, and its location will complement the clinical offering in the flagship hospital in Kolkata. As the fifth hospital in the eastern region, the facility further strengthens Apollo’s dominant position as the largest healthcare provider there with over 1800 beds across Kolkata, Bhubaneshwar and Guwahati.

This acquisition is an important step in Apollo’s strategy to expand in key regions through brownfield and greenfield projects. Apollo will further augment its capacity in the East by an addition of another 700 beds over the next 3 years, taking the total bed count for Apollo in eastern region to 2500.