Apollo Hospitals, a $2 bn health empire run by 4 sisters, makes a comeback
Posted on 21st November 2018 |
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Next to Suneeta Reddy’s desk in the executive suite of Apollo Hospitals Enterprise Ltd. hangs an icon of Hinduism’s many-armed warrior goddess Durga, who Reddy prays to each morning. The deity’s presence seems fitting at a company run by four women engineering an aggressive expansion into new territory. |
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Apollo Hospitals on track to achieve 20% Ebitda growth
Posted on 20th November 2018 |
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The H1 Ebitda at Rs 5 billion (up 30% year-on-year, in line) and PAT at Rs 1 billion (up 100% y-o-y) fortify our view that Apollo Hospitals is on track to achieve 20% Ebitda CAGR over FY18-21. An incremental Rs 6-billion swing in Ebitda to Rs 14 billion over FY18-21 will be led by (1) new hospital beds maturing, (2) matured hospitals’ Ebitda margin recovering to 23%, (3) margin expansion in pharmacies as stores mature and proportion of in-house brands rises, and (4) breakeven in clinics business. |
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Apollo Hospitals rejigs pharmacy business with eye on FDI
Posted on 15th November 2018 |
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In order to capitalise on the huge growth opportunity and to give greater focus, Apollo Hospitals Enterprise Limited (AHEL) on Wednesday announced the restructuring of its pharmacy business. The board, which met to announce the audited results, has approved the segregation of the front-end retail pharmacy business carried out in the standalone pharmacy segment into a separate company called Apollo Pharmacies Limited (APL). |
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Apollo Hospitals plans to offer new financing options to patients
Posted on 3rd October 2018 |
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As competition grows in the organised health care services, Apollo Hospitals, the largest player in the segment, plans to offer new financing options to patients in partnership with financial institutions and start-ups. The company has recently made a Rs 25-million investment in social-impact crowd-funding platform, Impact Guru Technology Ventures, in a Series A round. This is expected to help the company offer innovative, quick, and cost-effective patient-financing solution. |
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Apollo Hospitals gets shareholders’ nod to raise up to Rs 500 cr via NCDs
Posted on 29th September 2018 |
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Healthcare major Apollo Hospitals Enterprise on Friday said it had received shareholders’ nod to raise up to Rs 500 crore through issuance of non-convertible debentures on a private placement basis. The company was seeking approval from the shareholders to “offer or invite subscriptions for secured/unsecured redeemable non-convertible debentures |
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Apollo Hospitals gets shareholders' approval to issue Rs 5-billion NCDs
Posted on 28th September 2018 |
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Apollo Hospitals, India's largest hospital chain, on Friday informed stock exchanges that its shareholders had approved its plan to raise Rs 5 billion via issue of non-convertible debentures (NCDs). The issue was taken up for discussion at the company’s 37th annual general meeting on Thursday. The Prathap Reddy-led company had last month reported a strong 70.86 per cent year-on-year net profit growth during the quarter ended June 30 to Rs 601.6 million. |
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Apollo Hospitals slows down new bed addition, to add 765 beds in 5 years
Posted on 12th September 2018 |
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Apollo Hospitals Enterprise Ltd (AHEL) is expected to add 765 beds through brownfield and green field in next five years across three hospitals, with an investment of Rs 6.2 billion. This step will help expand its overall network to 73 hospitals. The hospital chain, which added over thousand bed a year in the past, has last year announced that it would bring down the speed of building up infrastructure and look at consolidation and profitability. |
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Apollo Hospitals surges 15% on strong Q1 results
Posted on 13th August 2018 |
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Shares of Apollo Hospital Enterprises (AHEL) have surged 15% to Rs 1,087 per share on the BSE after the company posted a strong 70.86% year on year growth in net profit at Rs 601.6 million during the quarter ended June 30, 2018 (Q1FY19). It had a profit of Rs 352.1 million during the same period last year. |
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Apollo Hospitals expects healthy rivalry from IHH's Fortis Healthcare bid
Posted on 11th August 2018 |
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Apollo Hospitals Enterprise (AHEL) has said Malaysian group IHH Healthcare’s acquisition of Fortis Healthcare would create a healthy competition, clarifying it is very early to say whether it would end the 50: 50 Apollo Gleneagles Hospitals (Kolkata) joint venture with IHH Healthcare. |
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Apollo Hospitals, Aster DM, Narayan Health initial bidders for Seven Hills hospitals
Posted on 29th May 2018 |
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MUMBAI: India’s largest hospital chain Apollo, Dubai-based Aster DM and Bengaluru-based Narayan Health in partnership with the Piramal group have emerged as the early bidders for the acquisition of the assets of Seven Hills hospitals. Some of these players have put in their expression of interest with the resolution professional for possession of the two hospitals that are in Mumbai and Vishakhapatnam, according to people directly involved in the bidding process. |
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