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HCG Plans 1000-Bed Cancer Care Expansion
14 Apr
Summary
- HCG plans to add at least 1,000 beds, boosting capacity beyond 2,500.
- Expansion includes greenfield projects and brownfield additions to existing hospitals.
- Company is open to mergers and acquisitions for further growth.
Bengaluru-based HCG is set to significantly expand its cancer care network, planning to add at least 1,000 beds within the next five years. This expansion will push its total capacity beyond the current 2,500 beds. The growth will be achieved through a dual approach, incorporating both new greenfield hospital projects and brownfield expansions at existing facilities. Approximately 400 beds are expected from new sites, with an additional 500-600 beds coming from existing hospital upgrades.
HCG, which already operates 25 hospitals across 19 cities and one international center, plans to continue its focus on Tier-II cities for future growth. Alongside organic expansion, the company remains open to strategic mergers and acquisitions. This expansion push occurs amid a broader momentum in India's healthcare sector, particularly in specialized areas like oncology, supported by private equity backing.
