Shares of Apollo Hospitals were trading in the green on 27 September after its wholly-owned subsidiary Apollo Multispecialty Hospitals Limited acquired a partially built hospital in Kolkata from Future Oncology Hospital and Research Centre for a cash transaction of Rs 102 crore.

The hospital has a total bed capacity of 325 beds currently as an asset value.

The first phase of the hospital will have 225 beds, which is built over 1.75 lakh square feet and is expected to be commissioned in the next 12 months.

This will bring the chain’s hallmark levels of care to more customers in the eastern region of the country by delivering state-of-the-art healthcare across all broad and high-end specialities that include comprehensive oncology service with radiotherapy.

This is the second hospital of Apollo in Kolkata and will complement the clinical offering in its flagship hospital in the city.

Suneeta Reddy, Managing Director of Apollo Hospitals, said, “The addition of this new facility is part of our planned capacity expansion across the country and will allow us to serve even more people in the region.”

At 3:30 pm, the shares of Apollo Hospital closed at Rs 5,105 or 1.02% above its previous close on NSE.