Fortis Malar Hospital coming up on Arcot Road near Big Bazzar, closer to Gerugambakkam

Fortis Malar's second hospital in Chennai will be ready by September/October this year.

About Rs 200 crore-225 crore is said to have been invested on this 250-bed hospital, according to sources close to the development.

Fortis Malar group has taken Kochar Towers on Arcot Road, Vadapalani on long lease.

The commercial building is being converted into a multi-speciality hospital spanning 1.5 lakh square feet.

Malar's other hospital in the city – a 250-bed centre – operates in Adyar.
In 2007, the Fortis Group acquired Malar Hospitals for Rs 26 crore.

Fortis' acquisition of Malar came along with a Rs 20-crore debt. Malar wiped out all its accumulated losses in the second quarter of this year and is ready to expand.

Source: http://www.thehindubusinessline.com/...cle2836955.ece

MIOT Hospitals to invest Rs 300 cr on expansion to become 1000 bed Multispecialty Hospital

MIOT Hospitals, which specialises in hip and joint-replacement, expects to invest about Rs 300 crore on expanding its operations into areas of specialities such as cancer treatment, organ transplant, bone marrow transplant, plastic and cosmetic surgeries.

More facilities on cards

Prof. Dr P.V.A Mohandas, Chairman, MIOT Hospitals, told Business Line that the hospital – best known for its strengths in orthopaedics – ought to grow to become a multi-speciality hospital, and is in the process of creating additional capacity at its facility in Chennai.

capacity expansion

Although the expansion work is expected to commence right away, the hospital plans to increase its bed capacity from 450 now to 1,000 in three years' time.

To meet the growing needs of patients, the additional capacity will also include 500 rooms and 18 operations theatres, he said.

Funding

On the resources required to fund the expansion, Dr Mohandas said that part of it would be from internal accruals, partly from shareholders and the rest from banks.

Banks are expected to fund about Rs 150 crore of the project, he said.

Performance

To ensure sound financial control, the closely held MIOT Hospitals has appointed a Director-Finance Strategy.

The hospital expects to close the current financial year with a turnover of Rs 145 crore.

Source: http://www.thehindubusinessline.in/2010/02/22/stories/2010022251911300.htm

MIOT Hospitals on expansion adding up another 455 beds in International Block

Total built up area lakhs Sq ft: 6.40
No. of beds: 455
JCI Accreditation: Designed
Total Value: 220 Crores
Year: 2010 -2012

Sources: http://elhanan.in/pro_miot-international.htm

Medical Colleges close to Gerugambakkam

Here is the list of Medical colleges in around Gerugambakkam in radius of 10 Kilometers.

• Sri Ramachandra Medical College and Research Institute, Porur
  http://www.sriramachandra.edu.in/
  
  
  
• ACS Medical College, Velappanchavadi
  http://www.acsmch.ac.in/
  
  

 

•     Madha Medical College and Hospitals, Kovur
  http://www.madhagroups.org

 

•     Sri Muthukumaran Medical College and Research Institute, Near Mangadu 
  http://smmchri.res.in/

Premier Hospital close to Gerugambakkam

Premier Hospitals close to Gerugambakkam

Sri Ramachandra Medical Center

MIOT Hospitals