While the public sector was the predominant service provider for most of the post-Independence era, over the last two decades the private sector in India has steadily grown and enhanced its quality of operations to emerge as the leading provider of the entire array of healthcare services. The private sector provides majority of secondary, tertiary and quaternary care institutions with a major concentration in metros, tier II and tier I cities. Large investments by private sector players are likely to contribute significantly to the development of India’s hospital industry and the sector is poised to grow to $120 billion by the year 2015 and further to $280 billion by 2020. Private sector’s share in healthcare delivery is expected to increase to 81% by FY 2015. Private sector’s share in hospitals and hospital beds is estimated at 74% and 40%, respectively.
- Sanofi-Synthelabo (India) had invested Rs 90 crore ($14.47 million) in Apollo Sugar Clinics (ASCL), a unit of its subsidiary Apollo Health and Lifestyle.
- Apollo Hospitals Enterprise (AHEL) plans to add another 2,000 beds over the next two financial years, at a cost of around Rs 1,500 crore ($241.24 million).
- Temasek Holdings Pte has acquired the entire 17.74 per cent stake of Punj Lloyd in Global Health Pvt, which owns and operates the Medanta super specialty hospital in Gurgaon, Haryana.
- Apollo Health and Lifestyle (AHLL), a wholly-owned subsidiary of Apollo Hospitals Enterprise, has acquired Nova Specialty Hospitals at an estimated cost of Rs 135-145 crore ($21.71-22.32 million).
- CDC, the UK’s development finance institution, has invested $48 million in Narayana Hrudayalaya hospitals, a multi-speciality healthcare provider. With this investment, Narayana Health will expand affordable treatment in eastern, central and western India.