Parkway plans big India push
16-Dec-15, Business Today
Singapore-based Parkway Pantai, one of the largest Asian healthcare providers, is planning huge healthcare capacities in India, challenging leaders like Apollo and Fortis Hospitals.
%20IHH%20Healthcare.jpg "Parkway buys majority stake in Indias Global Hospitals (c) IHH Healthcare")
Image: IHH
Parkway, owned by the Malaysian sovereign fund Khazana backed IHH Healthcare Berhand, is planning to add about 4,000-5,000 beds in the next couple of years and half of this capacity addition will be in India, said Dr Tan See Leng, managing director and chief executive officer of both Parkway Panthai and IHH Healthcare.
Parkway operates in the premium tertiary care segment and the 2,000-2,500 bed capacity addition plans could translate to an investment of at least INR2-3,000 crore (USD300-450 mn), said industry sources.
"We look forward to big growth in India with Dr Rabindranath's Global Hospitals as a strategic partner," said Dr Tan See Leng. The majority of the capacity addition will happen in North and North West India markets.