Friday 1 July 2011

Fortis Plans New Brand for Low-Cost Hospitals

Superspecialty hospital chain operator Fortis Healthcare plans to launch low-cost hospitals in smaller towns under a new brand and has set a target of 25 hospitals in three years. The new hospitals will provide healthcare services at affordable rates in semi-urban India specifically tier II & III towns, a company release said. The company spokeswoman declined to share investment details about the expansion. The company’s stock closed at . 162.55, up 3.44%, on BSE on Thursday.
Shivinder Singh, managing director, Fortis Healthcare (India), said, “We will continue to focus on making reliable and affordable healthcare accessible to all.” The company said it will set up 10 new hospitals or ventures in the next 10 weeks to mark the company’s completion of 10 years, besides offering 10 free surgeries at each hospital.

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