Max Healthcare to invest US$ 54 Million on expansion
Introduction
Looking to extend its presence beyond India’s National Capital Region (NCR), Max Healthcare Ltd has announced that it would invest US$ 54 million (Rs 250 crore) in the next three years on expansion to take the total bed capacity to 1,500, from the current capacity of 600 beds. Max Healthcare Chairman Analjit Sing has said that between 2006 and 2009, the plan is to spread their presence beyond the NCR and have presence with one hospital each in North and West India. They might invest about Rs 250 crore in not only going beyond the NCR but also complete three hospital units in the NCR (Gurgaon and Noida). He also said that the company was open to managing hospitals or acquisition as a part of the strategy apart from completing its hospital projects at three locations in the NCR, including one in Gurgaon. The company opened a 200-bed Super Speciality Hospital in South Delhi, its sixth facility, offering 33 specialities and four super speciality facilities recently. Singh said Max Healthcare would continue to focus on the Northern region for the expansion.
As a part of the company's 'Horizon II' expansion programme, it would also be striving to refinement of the existing facilities and processes, which were set up in its Horizon I programme.
Hospital Features
Max HIP offers cover for a variety of process such as consultations with accredited neighborhood physicians, visits of family members and diagnostic or a super-speciality consultation in one of the company's facilities.
Future expansion plans
The company has so far invested US$ 135 million (Rs 625 crore) for setting up six facilities, of which US$ 75 million (Rs 350 crore) was funded through equity and the remaining by debt.
Specifications Table:
- Name
- Max healthcare - Horizon II Expansion Plan
- Location
- Noida and Gurgaon, India
- Construction Type
- Expansion
- Project Starting Year
- 2006
- Year of Completion
- 2009
- Estimated Cost
- US$ 54 Million
