Chennai : Kauvery Hospitals, one of the leading hospital chains in South India, has planned a fast paced expansion programme to have 3,000 beds in seven cities in South India by 2025 with an outlay of over Rs 1,000 crores from the present 1,500 beds spread over six cities. The Group has recently acquired hospitals in Tirunelveli and a second hospital in Bengaluru, and will be launching its second facility in Chennai before the end
of this calendar year.
Its presence in both Tier-1 and Tier-2 cities has allowed it to adopt and practice effective cost optimization measures, a key factor contributing towards healthy EBITDA margins and industry leading returns on capital, across all its hospitals. Hospital Founder and Chairman Dr.Chandrakumar said “the company is currently in the midst of a fast-paced expansion program, as it plans to reach 3,000 beds by 2025 with a network of 15 hospitals spread across seven cities in South India, Tamilnadu and Bengaluru being the focus-regions, with a total capex outlay of
Rs 1,000-plus crores.” “We will also continue to evaluate opportunistic acquisitions in South India and also expand our offerings into immediate adjacencies, over and above the current
plan”, he said, according to a hospital release. The company has hired o3 Capital as its exclusive financial advisors with the clear
objective to raise minority growth capital to fuel its planned expansion initiatives.