Apollo Hospitals Enterprises on Wednesday (September 27) announced that its subsidiary, Apollo Multispeciality Hospitals, has acquired a hospital in Kolkata in an all-cash deal worth Rs 102 crore. This hospital is still under construction.

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As part of the deal, the wholly-owned subsidiary of Apollo Hospitals will get property comprising 1.4 acres of land on which stands a partially constructed hospital building with a built-up area of 74,000 sqft. It will also get medical equipment, the company said in a filing to the stock exchanges.

The partially built hospital has a total capacity of 325 beds. The property, located in Sonapur, was owned by Future Oncology Hospital and Research Centre.

Apollo Multispeciality Hospitals will fund the acquisition through internal accruals.

Apollo Hospitals says the first phase of the hospital, which will house 225 beds spread over 1.75 lakh square feet, will be commissioned in the next 12 months.

The hospital will cater to patients in the eastern region by delivering healthcare services across all broad and high-end specialties including Oncology services with radiotherapy.

“The addition of this new facility is part of our planned capacity expansion across the country and will allow us to serve even more people in the region," says Suneeta Reddy, Managing Director, Apollo Hospitals.

This is Apollo Hospitals' second facility in Kolkata, and its fifth in the eastern India. Its location will complement the clinical offering in the existing hospital in Kolkata, the company said.

In eastern India, the company has 1,800 beds across hospitals in Kolkata, Bhubaneswar and Guwahati. It plans to further augment capacity in the region by adding 700 beds over the next 3 years. This will take its total bed count in the region to 2,500.

Apollo Hospitals is India's largest integrated healthcare platform with over 10,000 beds across 71 hospitals, nearly 6,000 pharmacies and over 200 clinics and diagnostic centers. It also operates 150 telemedicine centers.

Apollo Hospitals shares were trading 0.46 percent higher at Rs 5076.80 on BSE at 11.19 AM.