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Indian company to get $50 million loan for small-town hospitals

The Economic Times, June 23, 2009

The International Finance Corp will provide $50 million loan to Apollo Hospitals for setting up hospitals in numerous smaller cities across India. Apollo is expected to set up 15 new hospitals in the next three years. "This project will help us fulfill Apollo's vision to deliver medical services where they are needed most," Apollo Hospitals founder and executive chairman Prathap Reddy told The Economic Times.