Yashoda Hospital is planning to expand its operation function to other metropolitan cities, starting with Bangalore and going to Chennai to Mumbai. The Yashoda Hospital is a healthcare facility centre with headquarters based in Hyderabad. The CEO of the Hospital Group, Mr. Dheeraj Gorukanti also wants to diversify into smaller and secondary healthcare centres in Hyderabad.
Yashoda Hospital Group is a family based Group which is currently on a lookout for lands in all three cities, where it can build hospitals with the capacity of 300 beds. Mr. Gorukanti also told the concerned media party that Yashoda Hospital will establish 2 healthcare facility centres in each city in approaching half decade, and this operation will be financially backed by debt and Group itself.
The family-owned group has grown from a single facility in 1994 to the present four multi-specialty hospitals, including a cancer institute. With a combined 1200-odd beds, it is said to be the city’s single largest healthcare dispenser. Mr. Gorukanti said they command around 40 per cent of the Hyderabad healthcare market.
“We don’t want to be restricted to only Hyderabad anymore and are moving into other cities. Expanding to Mumbai, Chennai and Bangalore (in that order) are the most immediate plans. I am here to look for suitable land” to build a Greenfield Hospital. At least, one of the new projects may come up in a year’s time, he said.
Mr. Gorukanti, whose family promotes the hospital chain, did not mention an investment figure. (Industry watchers said putting up a hospital of Yashoda’s size could cost around Rs. 200 crore.)
Yashoda, which expects to close this year with revenue of Rs. 350 crore, was considering entry into secondary healthcare services in Hyderabad through 60-80-bed units that met some of the commonly felt medical needs. The plan was in an early stage, Mr Gorukanti said.
According to Mr Gorukanti, requirement of healthcare has been growing across the country and the industry is still in a nascent stage in the nation with second highest population. He said, “Healthcare players were debating if it should it done be through smaller, accredited centres that maintain quality, or should it be through large, 500-bed branded hospitals”.