Manipal Health, the second largest chain with 9,500 beds and 33 hospitals in 17 cities, plans to invest about ₹1,500 crore to add 1,400 beds in the next two quarters. Market leader Apollo, which currently operates 10,000 beds, has a target to add 2,400 beds during fiscal 2025-27.
Two roads in healthcare, one in dire need of attention - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
However, it is unlikely that Manipal and Medica will compete with each other while charting out their own growth paths. The twin chains are likely to follow an informal arrangement not to step into the other’s territory
Get latest articles and stories on Latest News at LatestLY. Leading healthcare service chains and private equity firms remained bullish on the eastern sector, with Manipal Hospitals and Medica Hospital saying they are lining up investment to raise capacity in West Bengal and adjoining states. Latest News | Hospital Chains Bullish on East; Manipal, Medica Line Up Rs 1,400cr Capex to Raise Capacity.