September 22, 2010

Apollo Hospitals in talks with Khazanah for medical education

Healthcare major Apollo Hospitals on Tuesday said it is in talks with Malaysian sovereign fund Khazanah for a possible collaboration in healthcare education in India as well as Asia.

"We are in talks with them but its still on a very preliminary stage," Apollo Hospitals Executive Director Finance Suneeta Reddy said.

Malaysian fund Khazanah was recently entangled with India's Fortis Healthcare, Apollo's rival in India, for the control of Singapore-based hospital chain Parkway Holdings. Khazanah also holds nearly 12 per cent stake in Apollo Hospitals.

As per information available on its website, the healthcare major offers a variety of courses, including nursing education and medical courses.

The company, however, did not disclose the education vertical for which it will collaborate with Khazanah.

Apollo Hospitals operates one of the largest hospital chains in the country and currently has 9,000 beds at its hospitals.

As per its expansion plans, the company will increase its bed-capacity to 12,000 from the current 9,000 beds by 2015. It also plans to have a total workforce of 85,000 employees.

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