Fortis Healthcare’s medicity, which is coming up in Gurgaon spread across an area of 1.5 million sq ft, is expected to operationalise the first phase with three specialties and 250-400 beds by the last quarter of the calendar year 2010. The medicity, when fully complete, will have a total of 1,000 beds.
Fortis Healthcare is owned by the former promoters of Ranbaxy – Malvinder and Shivinder Singh – and operates 28 hospitals with nearly 3,200 beds across the country. The company has chalked out an investment plan of over Rs 2,500 crore to enhance its network to 40 hospitals with a capacity of 6,000 beds.
The healthcare major is set to mop up Rs 1,000 crore through a rights issue next month, for which it is in the process of filing the required documents with market regulator SEBI. The proceeds would be used for the medicity, two greenfield hospital projects, besides inorganic growth.
Fortis Healthcare has unveiled an advanced cardiac centre at its Navi Mumbai-based Hiranandani Hospital. A tertiary-level care hospital with five operation theatres and 150 operation inpatient beds. The Rs 90 crore hospital is the company’s first hospital in Last month it inked a pact with the Mumbai-based S L Raheja Hospital to manage and operationalise the facility.