Fortis Healthcare on Wednesday said it plans to invest around Rs 650 crore in the next one and a half years to add another 2,000 beds.
"We intend to invest up to Rs 650 crore in adding another 2,000 beds in the next 12-18 months," CEO Bhavdeep Singh told reporters in a conference call.
At present, the company has 6,000 operational beds across 49 hospitals in the country.
The hospital major, looking to expand in smaller cities, is aiming to open 7-8 hospitals in the next two years.
"We are working on 7-8 projects at the moment. Hospitals at Gurgaon, Kangra and Ludhiana will be opened early next year, followed by Ahmedabad by the end of next year. Gwalior will follow next," Singh said.
The company is constantly seeking expansions in both domestic as well as overseas markets, he added.
"We will continue to grow in India and will also avail the opportunities that come our way internationally," he said.
Commenting on the recent acquisition of Hong Kong-listed Quality Healthcare Asia for an aggregate consideration of around Rs 882 crore, the company said the buy will help Fortis strengthen its services in the region.
"Synergy is going to be the key word. Hong Kong asset is a strong primary care network. The move from primary to secondary care will help Fortis," Singh said.
The company on Wednesday posted a consolidated net profit of Rs 74.78 crore for the second quarter ended September 30. Shares of the company were trading at Rs 166.45 on the Bombay Stock Exchange, up 1.46 per cent from its previous close.
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