Apollo Hospitals to expand reach with new 500-bed facilities in Mumbai and Lucknow
India’s largest vertically integrated healthcare provider, Apollo Hospitals Enterprise Limited, has taken another major step forward in its mission to deliver world-class healthcare across the country. The company has announced plans to establish a new 500-bed hospital in Worli, Mumbai, alongside expanding its existing facility in Lucknow, adding 200 more beds. These initiatives come under a broad expansion plan that aims to introduce over 3,500 new capacity beds within the next four years.
The expansion in Mumbai will mark a significant milestone for Apollo Hospitals as they enter one of India’s most premium locations, further solidifying their status as a leading healthcare provider in the region. The Mumbai facility, which will be established through a “Build, Operate, and Manage” agreement with Konkan Unnati Mitra Mandal (KUMM), will cater to a wide range of specialties, including cardiology, oncology, neurology, orthopedics, and more, with cutting-edge robotic surgery capabilities. Apollo Hospitals noted that this facility would cater to both general and charitable needs, thereby supporting KUMM’s social objectives.
The Lucknow expansion will add another 200 beds to the existing Apollo Medics International Lifesciences facility, taking its total capacity to 500 beds. The project is expected to meet growing healthcare demands in the region and contribute to Apollo’s commitment to delivering quality care. Apollo Medics has acquired an additional 1.2-acre plot adjacent to its current facility for the expansion. Both new facilities are scheduled to become operational between FY26 and FY27.
Apollo’s Long-Term Expansion Strategy
The broader expansion plan also involves several other projects across India, including Greenfield projects in Chennai, Varanasi, and Delhi, along with asset acquisitions in Hyderabad, Kolkata, Pune, and Gurgaon. In total, Apollo aims to add over 3,500 new capacity beds in the next four years across 11 locations, ensuring that quality healthcare services become more accessible in strategic locations.
Apollo Hospitals’ Sr. Vice President of Finance, S.M. Krishnan, revealed that the estimated investment for the projects in Mumbai and Lucknow would total Rs 16,250 million, with Rs 13,000 million allocated for Mumbai and Rs 3,250 million for Lucknow. The financing for these projects will come from a combination of internal accruals and debt. This extensive initiative is part of Apollo’s overarching strategy to expand its footprint in key cities and meet the increasing demand for specialized healthcare services.
Expert Perspective: Commitment to Holistic Healthcare
Speaking on the expansion, Ms. Suneeta Reddy, Managing Director of Apollo Hospitals, emphasized the company’s commitment to delivering accessible, high-quality healthcare across India. She remarked that these expansions are part of Apollo’s mission to provide the highest standards of treatment, driven by over 40 years of experience in pioneering healthcare practices in India.
Dr. Prathap C Reddy, Founder & Chairman of Apollo Hospitals, noted that this expansion aligns with Apollo’s vision of “advancing healthcare for all.” He highlighted that with the implementation of new technologies, including robotics and advanced diagnostic tools, these new facilities will set a benchmark for the next generation of healthcare practices.
The Mumbai hospital is expected to redefine healthcare with its combination of comprehensive diagnostic screening, state-of-the-art therapies, and Apollo’s established Centers of Excellence across various disciplines. Patients will receive top-quality care at significantly reduced costs—expected to be only a tenth of comparable global treatment prices—making Apollo Hospitals an affordable yet world-class destination for healthcare.
Current Occupancy and Future Growth
As of Q1 FY2025, Apollo Hospitals has an occupancy rate of 68% across its 7,942 census beds. This growing demand reflects the pressing need for increased capacity, particularly in metropolitan areas such as Mumbai and emerging cities like Lucknow. The current expansion plans are part of Apollo’s ongoing efforts to meet these demands and strengthen its presence across the country.
With these projects, Apollo Hospitals aims to take healthcare delivery to the next level, ensuring that advanced and quality care is within reach of all Indians, particularly in underserved areas.
Discover more from Business-News-Today.com
Subscribe to get the latest posts sent to your email.