New Delhi: Major healthcare chain Apollo Hospitals will invest nearly Rs 1000 crore for setting up 12 new hospitals across the country over the next two years.
Named "Apollo Reach", the hospitals will be set up in small cities.
"We will be investing Rs 80-100 crore per hospital in class-II and class-III cities across the country," Apollo Hospitals chairman Prathap C Reddy said.
Construction work has already started at six centres including Trichi in Tamil Nadu; Varanasi and Allahabad in Uttar Pradesh; Nashik and suburban Mumbai in Maharashtra and Visakhapatnam in Andhra Pradesh.
Sites for six more hospitals are being finalised. These hospitals will have training institutes for nurses and paramedical staff.
The group also has plans to invest Rs 100 crore for setting up 500 pharmacies across the country over the next 15 months. It presently has nearly 1,200 pharmacies.
Apollo has over 53 hospitals with 8,500 beds across the country. The company plans to increase its bed capacity to 12,000 by 2015.
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