chennai chennaibased multispecialty hospital chain kauvery hospital is set to take over the 200bed facility of fortis at vadapalani talks are in an advanced stage of finalization and the group will invest around 250 crore towards the acquisition and in refurbishing the facility to add 50 more beds additional infrastructure and specialities multiple sources told toithe facility on arcot road was inaugurated in october 2020 amidst the pandemic after waiting for more than three years to get clearances from various government departments the fortis hospital on the arterial road which has at least three other hospitals sooriya hospitals and two facilities of vijaya hospitals has been fighting hard to competekauverys decision to buy the property is in line with its ambitious expansion plan across tamil nadu and beyond to become a 3500plusbed hospital chain from the present 1600plus beds with focus on chennai trichy and bengaluru on monday kauvery inaugurated its 250bed hospital on radial road in south chennai and the chain had invested around 300 crore in the new facilityfortis vadapalani will soon become part of the kauvery chain in addition we are planning one more facility in north chennai to make kauvery a 1000plus bed hospital chain in chennai and become the second largest hospital chain after apollo in the city a senior hospital administrator said hospital cofounder and executive director dr aravindan selvaraj said the hospital will not comment on the takeoverhowever senior administrators at the hospital said that the management is not immediately planning to buy the fortis malar facility in adyar due to inherent complications there are legal issues because malar is a listed entity even if the hospital is put out for sale we may have to plan better to take over the location of the hospital is good but the building may have to be demolished and redeveloped hence it could be acquired only for its real estate value a senior administrator saidoriginally promoted by a group of doctors kauvery hospital has eight facilities in chennai trichy bengaluru salem and tirunelveli serial healthcare investor gsk velu family office lightrock and private equity fund iifl amc are key investors and together hold around 51 stake in the healthcare chain