Fortis aims to be a billion dollar co in 3-4 years
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Fortis aims to be a billion dollar co in 3-4 years

Last Updated: Friday, January 22, 2010, 19:56
 
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Fortis aims to be a billion dollar co in 3-4 years
      New Delhi: Hospital chain Fortis Healthcare
today said it aims to become a billion dollar company in the
next three to four years on the back on ongoing expansions.
      "Our targets should now shift from number of hospitals
in cities and states to revenue based-targets and we hope that
over the next couple of years, we get to billion dollar
revenue as a company," Fortis Healthcare Managing Director
Shivinder Mohan Singh said in a conference call while
announcing the results.         The company, which is currently undergoing expansion
across the country besides adding bed capacities through the
acquisitions of Wockhardt Hospitals and Malar Hospitals, has a
network of 45 hospitals with a capacity of 6,600 beds.         Singh, however, did not specify by how much the hospital
chain's bed capacity will rise in the next three-four years.         In the nine month-period of the ongoing fiscal, Fortis
Healthcare has reported a revenue of Rs 608.4 crore with a
profit of Rs 43.3 crore.       Last fiscal the firm's total revenues stood at Rs 630
crore.         Earlier in 2007, Fortis had set a target of having 6000
beds and 40 hospitals by 2012. However, with the help of the
acquisition of 10 hospitals from Wockhardt, it has achieved
the target.         "As a company, Fortis has always met the target ahead of
schedules and this time also we would try to do it in the next
three-four years," Singh said.  PTI


First Published: Friday, January 22, 2010, 19:56


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