Malvinder Singh led Fortis & Dr Pratap Reddy led Apollo in close race in the category of “India’s Most Admired & Best Managed Healthcare Company for the year 2011”

Malvinder Singh led Fortis & Dr Pratap Reddy led Apollo in close race in the category of “India’s Most Admired & Best Managed Healthcare Company for the year 2011”
India votes to choose who can best protect & cure their health in an era of growing health disorders & complications.

Maharastra, Mumbai, India, 17th Feb 2011. It is official now. The much awaited & Nation’s biggest leadership Conclave 2011( www.indialeadershipconclave.in ) to be staged by the media outfit of Network 7 Group’s Indian Affairs Magazine(www.indianaffairs.in ) & Indo-American Chamber of commerce ( IACC) on 22nd April 2011 has declared the nominations from the five member Juries as to who will don the mantle of “India’s Most Admired & Best Managed Healthcare Company for the year 2011”. In the race is Fortis Healthcare, Apollo group, Wockhardt Hospitals & Max Healthcare. Although there are many upcoming companies who have ventured into this business, some of big names indeed like Sahara, Reliance, Birlas etc as it has become most progressive and largest service sectors in India with an expected GDP spend of 8 per cent by 2012 from 5.5 per cent in 2009, but as their plans are in the nascent stage, the nominations could not be taken by the Juries. It is believed to be the next big thing after IT and predicted to become a US$ 340 billion industry by 2018. Currently this sector is estimated to be around US$ 40 billion and will grow to US$ 85 billion by 2012. This means,india would require roughly another 1.94 million beds by the end of 2025. The public sector however is likely to contribute only around 15-20 per cent of the required US$ 86 billion investment. The corporate India is therefore, leveraging on this business potential and various health care brands have started aggressive expansion in the country. The rural healthcare sector is also on an upsurge. The Rural Health Survey Report 2009, released by the Ministry of Health, stated that during the last five years rural health sector has been added with around 15,000 health sub-centres and 28,000 nurses and midwives. Primary health centres have increased by 84 per cent, taking the number to 20,107. Healthcare stocks Apollo Hospitals and Fortis Healthcare have been steady gaining of nearly 40% and 7.6%, respectively. It is important here to note that Fortis Healthcare Ltd with a Market Cap6,336(cr) with a Face Value: [Rs.] 10 currently standing at 154.40 in NSE & 154.35 in BSE while Apollo Hospitals Enterprise Ltd market capitalization of 5,795 (Cr) with a face value : Rs 10 & currently standing at 475.75 in BSE & 474.25 in NSE reported at the time of going to Press. To vote your favorite Healthcare Leader type Fortis or Apollo or Wockhardt or Max & send this to nominations@indialeadershipconclave.com or sms Fortis or Apollo or Wockhardt or Max & send this to ++ 91 9892108169
Fortis Healthcare Ltd
Malvinder Singh & Subinder Singh led Fortis Group who made headlines in the global corporate world three times & stunned them first when they sold Ranbaxy to Daichi & than the first ever acquisitions in india from 11 Hospitals from the Wockhardt Group for 909 crore. Than came the daring attempt in making its presence in Singapore-based hospital chain Parkway Holdings stake although it did not work out. Fortis Healthcare has recorded consolidated net profits of Rs 34.5 crore (US$7.6 million) for the third quarter ending 31 December 2010 compared to Rs 21.74 crore (US$4.8 million) during the same period in 2009. This reflects a 58 percent improvement in year-on-year profit margins. Total revenue climbed to Rs 371.43 crore (US$90 million) during the period – up from Rs 232.48 crore (US$80 million) on the previous year. Operating revenue for the nine months ending 31 December 2010 reached Rs 1067.2 crore (US$200 million) – a 75 percent year-on-year increase. Fortis Healthcare has a network of 53 hospitals and more than 8000 beds for in-patient treatments in India. The healthcare provider’s strong third-quarter results in 2010 reflect Fortis’ continuing trend for year-on-year growth in recent years. All hospitals in the Fortis network reported growth during the October – December 2010 period, with an increase in revenue generated by higher patient occupancies. The most notable growth was generated from the following Fortis hospitals located in: Malar, Chennai, Noida, Mohali, Vasant Kunj and Hiranandani. Fortis reported substantial growth in key specialist treatments covering cardiac sciences,orthopaedics and neurosciences, with these segments growing by 41%, 105% and 104% respectively across the hospital network. Strong revenue gains were generated from the provision of renal sciences, pulmonology and gastroenterological health services. Fortis reported that over 12,000 cardiac procedures were carried out in the thirteen week period ending 31 December 2010. Fortis’ corporate strategy has been to consolidate its presence across India with a commitment to reinforce its network of hospitals in tier-II and tier-III Indian cities. In addition to the sighting of Fortis hospitals in India’s main cities, the healthcare provider has established facilities in the more remote areas of Raigarh, Chhattisgarh, Moradabad and Uttar Pradesh. Fortis’ expansion and increased reach in India is compatible with its drive to provide quality private healthcare throughout the country. Currently Fortis is present in 15 tier-II and tier-III cities in India.Recent developments by Fortis include the launching of new greenfield hospitals in Shalimar Bagh, New Delhi, Anandpur, Kolkata and Mumbai all of which received strong public backing.
APOLLO Hospital Enterprises Ltd
With over 8500 beds across 50 hospitals within and outside India, the Apollo Hospitals Group is one of the largest healthcare groups in Asia. It may be recalled that Apollo Hospitals, Chennai, was the first hospital to go public in 1983, offering 12.96 lakh shares. It raised Rs 1.7 crore. For expansion, it went for a rights issue in 1984 and mopped Rs 1.50 crore. From 1,500 beds in 2000, the group grew to over 8,000 beds, 3,000 physicians, 1,100 pharmacies, 65 clinics and 12 nursing schools and colleges. The group turnover grew from Rs 424 crore in 2002 to around Rs 3,100 crore in 2010. During this period, the promoters also upped their holding in the company from 5.5 per cent in 1995 to 35 per cent in 2010.
MAX HEALTHCARE
Max Healthcare, A Delhi based Hospital chain with limited Hospitals is giving shocks to many stalwarts as it is all set to invest up to Rs 1,000 crore over the next three years to set up a medical education institute at Greater Noida. The company will commission four new hospitals this year taking its in-patient bed capacity to 2,000 beds from 800 at present. It expects the total bed strength to go up to 5,000 in the next five years. As a Group today, MAX manpower strength of over 80,000 people and we serve over 3 million customers.
Wockhardt Hospitals
The unlisted Pharma Major Wockhardt Group’s Wockhardt Hospitals after selling its 11 Hospitals to Fortis Healthcare is gearing up to consolidate its presence & is set to invest up to Rs700 crore to double its bed capacity to 2,000 by 2013, sources close to Indian affairs Magazine revealed ( www.indianaffairs.in ). The Mumbai-based healthcare chain, which sold ten of its hospitals for Rs909 crore to Fortis last August, currently runs eight hospitals with a total of 1,000 beds. It expects in Mumbai by the end of next year and the other two, one in Mumbai and another in Delhi, will be completed by 2013.
India Leadership Conclave 2011 will deal with varity of subjects that is grappling the country at present & the way forward to be debated by the thought leaders of thye society. India Leadership Conclave 2011 ( www.indialeadershipconclave.in ) is the most awaited event & the Business Leadership Awards has a total of 25 categories in various segments. Bimba Digimedia( www.3dbimba.com ) is the creative Design partner & G DATA( www.gdata.co.in ) is the it partner while Business Wire ( www.businesswireindia.com ) India is the Press Distribution Partner of this Event. Pharmaleaders Magazine ( www.pharmaleaders.co.in ) is the Healthcare Media Partner.