BackApollo Hospitals, Italy-based KOS group to set up network of rehab facilities in India
ApoKos, the equal joint venture, opened its first medical rehabilitation facility in Hyderabad, built at an estimated cost of Rs20 crore, excluding land and building expenses
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Hyderabad: Apollo Hospitals Enterprise Ltd, India’s largest healthcare provider, on Thursday said it has entered the medical rehabilitation services business in a joint venture with Italy-based KOS group.
The equal joint venture, ApoKos, opened its first 64-bedded medical rehabilitation facility in Hyderabad, built at an estimated cost of ₹ 20 crore, excluding land and building expenses.
Apollo said the joint venture will be setting up similar medical rehabilitation centres across various metro cities over the next two years.
KOS – with revenues of €439.2 million is one of the main Italian operators in the home care sector managing 77 facilities in central and northern Italy, for a total of more than 7,300 beds.
KOS in addition to investing in the joint venture proportionate to its share – will also bring its expertise and European rehabilitation protocols to India.
ApoKos rehab centre in Hyderabad will have a mix of single and sharing rooms, besides fully equipped physiotherapy and occupational therapy gyms and state-of-the-art robotic rehab equipment to treat patients.
The first three to six months after acute care—are crucial for the complete recovery of a patient—this where we have found out that most patients are getting sub-optimal care leading to slow and incomplete recovery, said Rahul Khandelwal, chief operating officer of ApoKos.
“Currently the market is highly unorganized, ill-equipped and concentrated around home or out-patient physiotherapy, ApoKos aims to bridge this service deficiency." Khandelwal said.
Apollo said the cost of care at the rehab centre is 30-40% cheaper than getting the same service in acute care hospital and is much more convenient for the patients and their caretakers. The rehabilitation centre caters to neurological, orthopaedic, cardiopulmonary, pediatric, geriatric and cancer patients.
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