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Brownfield expansion will give us 1,700 beds: Fortis Healthcare MD & CEO

Now that we have strength in our balance sheet, we can go for inorganic expansion, too, in markets where we are already present, says Dr Ashutosh Raghuvanshi, MD & CEO of Fortis Healthcare

Sohini Das

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Dr Ashutosh Raghuvanshi, MD & CEO of Fortis Healthcare

3 min read Last Updated : Apr 21 2023 | 9:25 PM IST

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Fortis Healthcare is set to acquire Medeor Hospital in Manesar for Rs 225 crore. Dr Ashutosh Raghuvanshi, MD & CEO of Fortis Healthcare, in an interview with Sohini Das, elaborates on his expansion plans. Edited excerpts:

Is Fortis Healthcare now embarking on a new expansion strategy with this new acquisition in Manesar?

We were focusing on strengthening our balance sheet and improving operations. That was our main agenda from 2019 onwards when I came on board. We always had a strategy for brownfield expansion and inorganic expansion opportunistically. That strategy has not changed. Brownfield expansion will give us 1,700 beds over the next two-three years. This year, we will get 200-300 beds additional from brownfield. New blocks are getting constructed in four of our NCR hospitals, and that would add capacity over the next two and a half years. Organic growth would add another 30 per ce