Dubai-based DM Heal­thcare plans to list itself in Indian bourses by 2013 after building

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the brand in the country through a network of healthcare institutions, including a health city, medical college and secondary and tertiary care hospitals. The company will invest over Rs 1,000 crore in India and expects to double its turnover to Rs 1,500 crore in three years.

“In three years, we look forward to a top line of Rs 1,500 crore both from the operations in the GCC and India and then will go for an IPO. The company will be listing itself in the Indian bourses,” Azad Moopen, chairman of DM Group said.

DM Healthcare has acquired 50 acres of land in Kerala’s Wayanad district for a medical college. It will spend Rs 100 crore for the college, which is expected to admit students by 2012.

The company has started its work for the 40-acre Medicity project in Kochi. In the first phase ending 2012, the Medicity will have a 500-bed hospital with five super-specialities, convention centre, hotel and residential facilities for the staff.

DM Healthcare is also in the process of acquiring five or six hospitals in India, mainly in tier I and tier II cities like Bangalore and Pune.