During the pandemic, most hospitals were impacted due to lower patient footfalls, not equipped procedures and the absence of medical tourism.
As per the sources, various hospitals chains including Fortis Healthcare and Apollo Hospitals have emerged victorious with a growth in revenue of 23% year on year (YoY) this includes a higher amount of surgeries and an increase in occupancy. Confident in this growth, most hospitals plan to upgrade their infrastructure and increase their bed sizes through various brownfield investments and merger & acquisitions (M&As) processes.
1. Fortis Healthcare was established in 1996 and has since grown into one of India's largest healthcare delivery networks. It operates hospitals, diagnostic centres, and daycare facilities across India and in a few other countries.
2. Fortis Healthcare operates a network of hospitals in various cities across India, including Delhi, Mumbai, Bengaluru, Chennai, Kolkata, and more. These hospitals provide comprehensive medical services across multiple specialities, including cardiology, neurology, orthopaedics, oncology, and more.
3. According to the CEO and MD Ashutosh Raghuvanshi of Fortis Healthcare “The company further wants to expand by both brownfield and inorganic modes, as of now the company planning to add 1400 beds alone from the brownfield investments over the next few years.
1. Apollo Hospitals operates a network of hospitals, clinics, and diagnostic centres across India and other countries, providing a wide range of medical services and specialities. Their facilities offer advanced medical technology and equipment, along with highly trained healthcare professionals.
2. Apollo Hospitals is also eyeing expansion in major metropolitan areas including Delhi and Mumbai, alongside efforts to enhance occupancy and growth in the Karnataka cluster. Plans are underway to add 2,000 beds with a projected investment of over â‚¹3000 crores ($404 million) over the next four years.
3. An analyst said, the revenue growth for Apollo remained at 21.3% year on year (YoY). while the earnings before interest, taxes, depreciation and amortization (EBITDA) margin was 11%. Net profit margins during the year grew from 1.3% in FY21 to 7.5% in FY22.
1. Sahyadri Hospitals are the largest chain of hospitals in Maharashtra. It is the brainchild of Dr. Charudutt Apte, one of India's most renowned Neurosurgeons and more importantly an ardent practitioner of ethical medical practices.
2. Sahyadri hospitals Plans to expand into the western region of India with an investment raised of over 7 billion in about four years. according to the hospital, the expansion will be in Navi Mumbai, thane, Pimpri, Chinchwad, Nagpur, Solapur, Kolhapur and others.
3. According to the note by the hospital, “the growth plan would be through new and acquired hospitals.”