iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Apollo Subsidiary Acquires Kolkata Hospital Assets for Rs 102 Crore

27 Sep 2023 , 01:09 PM

Apollo Multispecialty Hospitals Limited, a wholly owned subsidiary of Apollo Hospitals Ltd., acquires assets of a partially built hospital in Sonapur, Kolkata. The cash transaction, valued at Rs 102 crore, was confirmed via a press statement on September 27.

The acquired hospital currently has a capacity of 325 beds and is set to be commissioned in phases. The first phase will consist of 225 beds over 1.75 lakh square feet and is scheduled for commissioning within the next 12 months.

The hospital aims to provide high-quality healthcare services across various specialties, including comprehensive Oncology services with radiotherapy.

Apollo’s second hospital in Kolkata complements its flagship hospital in the city, enhancing the clinical offering for the region. The acquisition is fully funded by Apollo Multi Specialty Hospitals through internal accruals, contributing to the planned national capacity expansion. 

Suneeta Reddy, Managing Director of Apollo Hospitals, highlights the new facility’s role in serving more people as part of the planned expansion.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Apollo
  • hospital
  • Kolkata
  • news
  • Top News
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.