Corporate

Fortis to start two affordable hospitals

Fortis Healthcare is likely to come up with two low-cost hospitals in two years in an effort to test its affordable health care model. Although the firm is reluctant to divulge the exact locations of these greenfield ventures or the total investment into the project, the health care major is likely to open these hospitals in north and western India while attempting to cut down its capital expenditure there by about 50 per cent. - Asia may dominate world economy: Reddy - UniverCell plans 700 stores - Steel bar traders want separate market in Bhopal - IIT-K develops eco-friendly bio-pesticides - CavinKare eye Rs 300 crore from restaurant biz - Taj, Radisson to open hotels in Amritsar Currently, Fortis Healthcare is on the drawing board with the intention of delivering affordable medical care, which could possibly be devoid of certain high-end clinical programmes. The firm plans to capitalise on the high volumes present in the domestic medical sector and work with international medical equipment makers.


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