Apollo Hospitals Plans Expansion Through Buyouts In Northern India: Report
Apollo Hospitals Enterprise Ltd., India’s largest hospital chain by number of beds, is setting sights on expanding its footprint across the country through strategic acquisitions and new projects, a Bloomberg report states.
In India’s growing demand for advanced medical care, the Chennai-based healthcare giant is gearing up to strengthen its position in key urban markets, particularly in the northern part of the country.
Managing Director Suneeta Reddy told Bloomberg that Apollo is preparing to add around 3,500 beds over the next three to four years, targeting cities like Kolkata, Hyderabad, Mumbai, and areas in northern India and Karnataka.
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The company aims to gain market leadership in these regions where the need for quality healthcare is rising sharply, reported Bloomberg.
“There’s a significant gap in the availability of hospital beds,” Reddy told Bloomberg, noting that India currently faces a shortage of about 100,000 beds. Apollo’s expansion plans, she said, are directly aligned with meeting this critical healthcare infrastructure demand.
The company currently operates close to 8,000 beds across its hospitals, and the new expansion is designed not only to increase capacity but also to defend Apollo’s leadership in the sector.
With global investment giants like Blackstone, KKR, and Adani Group actively investing in Indian healthcare, Apollo is ramping up efforts to stay ahead.
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Healthcare investments in India have seen a major boom in recent years. According to a report by Grant Thornton and the Association of Healthcare Providers (India), nearly $15 billion has been invested in Indian healthcare assets since 2022, a clear indication of rising investor confidence in the sector.
As part of its growth strategy, Apollo is also investing $29 million in a new cancer center, underlining its focus on high-specialty areas such as oncology, cardiac care, neurology, and preventive medicine.
In addition to physical infrastructure, Apollo is betting big on its digital health and pharmacy business, which is expected to grow at 20% year-on-year, bolstered by the launch of a new insurance product aimed at supporting healthcare access and affordability.
