RG Stone Urology and Laparoscopy Hospital Plans to Expand
Introduction:
RG Stone Urology and Laparoscopy Hospital plans to set up 10 new centers in 3 years across India.
Background:
RG Stone has 17 hospitals across India with a turnover of Rs.110 crore in the last fiscal.
Budget:
Estimated cost for the projects is Rs 100 crore (US$17 Million) which will be spent over 3 years, 2014-17.
Recent Expansion:
RG Stone received Rs 41 crore funding from ICICI Ventures in 2008, and Rs 95 crore from India Equity Partner in 2011 for expansion.
Future Expansion Plans:
The company is ambitious to have a network of 35 hospitals with a revenue of over Rs 500 crore in the next 5 years and may even go for IPO.
Specifications Table
- Project Name
- RG Stone Urology and Laparoscopy Hospital
- Location
- India
- Estimated Cost
- Rs 100 crore(US$17 Million)
- Type of Project
- Expansion
- Funding Type
- Private Equity Investment
- Cost per Hospital
- Rs.9-10 crore approximately
