Fortis Healthcare expects to spend Rs 20 crore in up-gradation of Malar Hospital as part of its expansion strategy. 

Earlier this year, International Hospital Ltd a wholly owned subsidiary of Fortis Healthcare Ltd, along with Oscar Investments Ltd (OIL) had acquired 62.17 per cent equity of the Chennai-based Malar Hospitals Ltd (MHL) for Rs 34.68 crore. 

The company plans to make Malar Hospital, a famous & specialist institute in the fields of cardiac, orthopaedics, neurosciences and women health. The hospital has 180 beds, out of which 140 beds are currently operative.

Apart from latest plan, Fortis is also looking to foray in international markets. The company is eyeing developing countries in Africa, Latin America and Asia for a possible foray. 

Presently, the group has 22 hospitals and 2,500 beds across the country, of which 1,600 beds are operational. The company anticipates having 40 hospitals and 6,000 beds nationally over the next three years.