Apollo Hospitals defers super speciality hospital project in Patna
Advertisement
Apollo Hospitals Group has reportedly deferred its plan to launch its 200 cr super speciality hospital in Patna. Even though the project was put in a complete initial planning framework- a 240-bed hospital to be set up at an estimated cost of 200 cr; the project has failed to even hit the runway as there are reported to be a land bidding issue.
"The Patna project was specific to government offer. The government was offering a land parcel of 10 acres. We had identified the land as well. However, we lost the bidding and we have dropped the project for Patna for the time being," said a top official of Apollo Hospitals. Medanta Medicity had offered a higher amount as lease for a period of 30 years to the state government and won the bid, as confirmed by a report in Financial Chronicle.
Had the initial place been in place, the estimated date for the project was also doing the rounds, expected to be completed in FY18. On the contrary, Apollo has put on hold indefinitely all their plans for the city in the time being.
Besides Patna, Apollo has an estimated budget of Rs 794 crore to complete few projects currently under progression in Navi Mumbai, North Bangalore and Vishakhapatnam in FY16. Apollo had commissioned 1,300 beds in nine locations in the last 24 months. This includes hospitals in Vanagaram, Jayanagar, Trichy, Nashik, Indore and Nellore among others.
"The focus is on operationalising the new projects and break-even faster," the official said.
"The Patna project was specific to government offer. The government was offering a land parcel of 10 acres. We had identified the land as well. However, we lost the bidding and we have dropped the project for Patna for the time being," said a top official of Apollo Hospitals. Medanta Medicity had offered a higher amount as lease for a period of 30 years to the state government and won the bid, as confirmed by a report in Financial Chronicle.
Had the initial place been in place, the estimated date for the project was also doing the rounds, expected to be completed in FY18. On the contrary, Apollo has put on hold indefinitely all their plans for the city in the time being.
Besides Patna, Apollo has an estimated budget of Rs 794 crore to complete few projects currently under progression in Navi Mumbai, North Bangalore and Vishakhapatnam in FY16. Apollo had commissioned 1,300 beds in nine locations in the last 24 months. This includes hospitals in Vanagaram, Jayanagar, Trichy, Nashik, Indore and Nellore among others.
"The focus is on operationalising the new projects and break-even faster," the official said.
Our comments section is governed by our Comments Policy . By posting comments at Medical Dialogues you automatically agree with our Comments Policy , Terms And Conditions and Privacy Policy .
Disclaimer: This website is primarily for healthcare professionals. The content here does not replace medical advice and should not be used as medical, diagnostic, endorsement, treatment, or prescription advice. Medical science evolves rapidly, and we strive to keep our information current. If you find any discrepancies, please contact us at corrections@medicaldialogues.in. Read our Correction Policy here. Nothing here should be used as a substitute for medical advice, diagnosis, or treatment. We do not endorse any healthcare advice that contradicts a physician's guidance. Use of this site is subject to our Terms of Use, Privacy Policy, and Advertisement Policy. For more details, read our Full Disclaimer here.
NOTE: Join us in combating medical misinformation. If you encounter a questionable health, medical, or medical education claim, email us at factcheck@medicaldialogues.in for evaluation.