Special Correspondent.

HYDERABAD: Apollo Hospitals Group chairman Prathap C. Reddy on Friday announced that the International Finance Corporation of the World Bank had cleared a long-term loan of US $ 50 million.

At a press conference here, he said that the expansion plans of the group were going well on schedule.

The group’s ambitious programme of adding 1,800 beds in the group’s 43 facilities and state-of-the-art equipment, all with an investment of Rs. 1,400 crore too was on schedule and would be completed by the end of the current fiscal, Dr. Prathap Reddy said.

He regretted that unlike most other sectors, the government was yet to recognise the need for a stimulus package to the healthcare sector that had the potential to create millions of jobs.

Dr. Prathap Reddy said that he was in the process of visiting the powers-that-be in New Delhi and build a strong case for the government to have programmes to work with private healthcare providers and help them with long-term loans at lesser rates of interest so that medicare was made cheaper and more affordable to the masses.

In the presence of Phil Cardamone, Director, BrainLAB Asia Pacific and Hariprasad, Chief Executive Officer, Apollo Health City, Dr. Prathap Reddy announced the acquisition of Novalis Tx Radiosurgery equipment, said to be the world’s most powerful and versatile platforms for non-invasive, image-guided treatment of cancerous and non-cancerous conditions for the entire body. Dr. Hariprasad announced the introduction of three new facilities at the Apollo Health City, Jubilee Hills – Knee Institute, a Bariatric Surgery Institute and an Institute for Aesthetics and Cosmetic surgery.

Vijay Anand P.Reddy, Consultant Oncologist & Radiation Therapist and Alok Ranjan Consultant Neuro Surgeon explained how the new state-of-the-art equipment would be able to hit with pinpoint accuracy at benign and cancerous tumours anywhere in the human body and how it meant lesser hospitalisation time for the patients.