A delay in finding an investor for Apollo HealthCo is driving a subtle change in Apollo Hospitals Enterprise’s capital expenditure (capex) strategy. The company is focusing more on brownfield expansion than entering new markets, according to management commentary given after its March 2022 quarter earnings.
Apollo aims to build a 650-bed facility at a recently acquired partly constructed structure in Chennai's OMR Road. Additionally, the company plans to add 200-300 beds in Bengaluru. A few months back, after the December 2021 quarter had ended, it had laid out plans to add 2,000 beds in key locations.
The company retains its objective
Moneycontrol Pro Panorama | Record MF inflow -- a boon or bane?
Mar 27, 2024 / 04:35 PM IST
in today's edition of Moneycontrol Pro Panorama: Bond demand remains strong, can SME IPOs continue its performance run, poll-bound...
Read NowTo read the full story,
Subscribe to Moneycontrol PROAlready a member? Sign In
Ad free Experience
Seamless navigation, faster responses.
Expert Perspective
Explore 230+ exclusive editorials every month
+
Uncover Insights from World-Renowned Experts and Journalists
Actionable Insights
40+ weekly investment ideas + 3 to 4 daily technical calls
Virtual Events
Exclusive Live Webinars for Expert Trading & Investment Strategies!
Newsletters
Stay ahead with daily and weekly insights
Unlock exclusive discounts