Medical care services provider Apollo Hospital's group will be investing about Rs 1,000 crore in the next 18 months to set up about 15 hospitals in tier II and III cities in India.

The hospital chain, which is looking for overseas expansions, is also planning to re-enter Sri Lanka besides expanding its operations in African continents.

"The idea is to set up tertiary hospitals in tier II and III cities, we plan to set up about 15 hospitals in next 18 months with an investment of about Rs 1,000 crore," said Apollo Hospitals Group Chairman Prathap C Reddy. He said on average these hospitals would have around 200 beds and in the next 18 months, the group is looking at 10,000-bed capacity.