October 26, 2008

Right on track: Apollo Hospitals, Fortis Healthcare

Apollo Hospitals
Turnover: 1,150 cr (Mar ’08)

Today Apollo Hospitals is the country’s premier healthcare provider and has played a pioneering role in helping India become a global healthcare hub.

The group today includes over 43 hospitals in India and overseas, diagnostic clinics, Apollo pharmacies, medical BPO and health insurance services and clinical research divisions.

Says Dr Hariprasad, CEO, Apollo Health City, Hyderabad: “Healthcare industry in India is unaffected by the current recessionary trends, our patient flow, revenues remain unaffected. Therefore our growth and expansion will be on track as planned.”

He adds that “as the dollar is strengthened and also due to huge recession in US and developed countries, more patients can be expected to travel to India from other countries for their healthcare needs, this gives further boost to the industry here.”

Fortis Healthcare
Turnover: 548 cr (Mar ’08)

The group has drawn a blueprint for technology upgradation at its various hospitals.

This is designed to equip the hospitals with cutting edge diagnostics capabilities and latest medical equipment for quality medical services.

“Healthcare being a need-based industry, there’s not much impact of the slowdown. There’s a huge shortage of capacity and how you deliver value and quality care are important. Of course, some players who have over extended their expansion plans may have issues with raising debt and meeting cash flows. All our initiatives, however, are on track and we see a huge potential in preventive healthcare,” says Sudarshan Mazumdar, CEO, Fortis Healthcare.

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