Apollo Hospitals acquires land in Chennai.

Apollo Hospitals Enterprises recently acquired a land parcel near its main hospital in Chennai to expand the facility. According to sources, the plot of about 15,500 sq ft is very close to the hospital located at Greams Road. However, 'We will take up the expansion only after completing the automatic car parking facility that we are doing in tie-up with the Chennai Corporation on build, own, operate and transfer basis,' he explained.

According to real estate industry estimates, going by the current trend, the price in that stretch of the city could be over Rs. 30 crore. Apollo Hospitals reported a 14 per cent increase in net profit for the third quarter of the year 2014-15. The net profit was at Rs. 95.01 crore (Rs. 83.44 crore) on a total income of Rs. 1,182.53 crore (Rs. 993.34 crore) for the quarter ended December 31, 2014. It currently has 8,488 beds across 51 hospitals, 1,586 pharmacies, 92 primary care and diagnostic clinics, and 100 telemedicine units across 10 countries.

HBL