He said Lilavati is looking at both greenfield and brownfield hospitals as part of its expansion strategy. The proposed expansion will be carried out by Lilavati Foundation, a distinct and separate entity from Lilavati Hospital, Mumbai. “We believe there is still a huge potential for growth of healthcare services in India,” Mehta said.
The expansion will encompass 3,000 hospital beds. Lilavati is setting up a greenfield 300-bed multi-specialty hospital in GIFT City, Gujarat with an investment of Rs 300 crore. The hospital is slated to open by 2025-end. Lilavati is also considering opening hospitals in Dharamshala (Himachal Pradesh), Noida (Uttar Pradesh), Pune (Maharashtra), and Bengaluru (Karnataka) and Guwahati (Assam), Mehta said. He said they are also looking at expanding the 319-bed Lilavati Hospital & Research Centre in Bandra, Mumbai by adding a 150-bed oncology block, which might involve acquiring adjoining property.
“The expansion would cost anywhere between Rs 350 crore and Rs 400 crore,” said Mehta, also the permanent trustee on the board of Lilavati Kirtilal Mehta Medical Trust that runs Lilavati Hospital in Mumbai.
Mehta said Lilavati Hospital in Mumbai will remain a public charitable trust. Mehta’s parents Kishor and Charu Mehta were instrumental in setting up super-speciality Lilavati Hospital in Mumbai 25 years ago. Lilavati is also planning to start a pharmacy chain comprising 500 stores across India in next five years with an investment of ?200 crore. The first store was launched in Ahmedabad in September last year.
Mehta said pharmacy expansion will be done via company-owned pharmacies and franchisees.
