April 04, 2008

Fortis Healthcare promoter to start 10 medical colleges

Fortis Healthcare promoter Shivinder Singh on Thursday said he is forming a new company that would look into setting up medical colleges in the country.

"Academic medical centres are the new opportunities in the country especially when India is being promoted as a healthcare destination," Singh told reporters.

Singh said he is looking to start 10 medical colleges. But getting the permission of the regulator is considered tough because it has become "archaic".

The colleges would be run by societies as per the law, he added.

Apollo to invest Rs 380 crore for 10 new hospitals

Apollo Group Chairman Pratap Reddy said he plans to invest Rs 380 crore for 10 hospitals in the next 18 months.

With this expansion, Apollo's bed count would go up to 10,000 from 7,400, he said.

India needs to add 1 lakh beds every year to overcome the present deficit. "We need to invest $20 billion every year for the next 20 years," he said.

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