| Apollo Hospitals Related news |
Apollo Hospitals to set up hospital in China
Posted on 21st June 2016 |
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Apollo Hospitals Group has signed an MoU with Hainan Ecological Smart City Group (HESCG), a Chinese industrial park developer and operator, to jointly develop a highly integrated modern health care service facility and systems in the Hainan province, where a smart city is being developed in China's largest special economic zone. The smart city on the island of Hainan will have residential infrastructure for high quality, pollution free community living and the proposed hospital with medical, nursing and paramedical colleges would cater to not only the people of the Hainan province but also attract medical tourists from mainland China and other nations. |
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Apollo Hospitals to invest around Rs 1,000 cr over next 2 years
Posted on 26th May 2016 |
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Apollo Hospitals is planning to invest around Rs 1,000 crore over the next two years. The healthcare major said this investment will help the company to add around 1,500 beds and will take overall bed capacity to over 10,500. The company also said it is waiting for approval to raise Rs 750 crore through rights issue. |
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International Finance Corp to invest Rs 460 crore in Apollo Health & Lifestyle
Posted on 20th May 2016 |
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BENGALURU: World Bank arm International Finance Corporation ( IFC ) is looking to invest $68 million or Rs 460 crore in Apollo Health & Lifestyle Limited, which runs the hospital chains small format centers. The proposed investment is part of the overall raise by the unit of $135 million or Rs 900 crore. "IFC is considering an equity investment of approximately $68 million, including approximately $34 million for its own account and approximately $34 million for IFC's Asset Management Company," the investment firm said in a disclosure on its website. |
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Apollo Hospitals signs MoU with Osler Health for research in chronic disease
Posted on 2nd May 2016 |
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Apollo Hospitals has signed a memorandum of understanding (MoU) with William Osler Health System (Osler) to collaborate on research and treatement services related to a range of diseases including Diabetes, Cardiovascular Diseases and Cancer. The organizations will initiate a pilot project to enhance the continuity of care for patients with complex needs traveling between India and the Greater Toronto Area (GTA) in Canada for extended periods of time. |
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Apollo ties up with Google Health Card in India
Posted on 16th April 2016 |
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Apollo Hospitals has entered into a tie-up with Google in providing health information as part of the search engine's launch of Health Card in India. Health Card, introduced in the US last year, provides a person with basic information about a disease on the Google search engine presented in a layman's terms - like its prevalence, symptoms and diagnosis. |
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Apollo Hospitals acquires 51% stake in Assam Hospitals
Posted on 12th March 2016 |
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Apollo Hospitals Enterprise Ltd (AHEL) said that it has completed the acquisition of the majority stake in Guwahati based Assam Hospitals Ltd. The company announced the acquisition of 51 per cent stake in the company for Rs 57.25 crore,on June 2, 2015. |
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Apollo Hospitals Q3 net up 15% at Rs 109 cr
Posted on 12th February 2016 |
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Healthcare major Apollo Hospitals Enterprise today reported 14.96% rise in standalone net profit to Rs 109.23 crore for the December quarter. The company had posted a net profit of Rs 95.01 crore for the corresponding period of the previous fiscal, Apollo Hospitals Enterprise said in a BSE filing. |
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Apollo Hospitals sells 23% stake in Apollo Munich to German partner
Posted on 27th January 2016 |
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Apollo Energy Company Ltd, an Apollo Hospitals Group Company, has divested its 23.3 percent stake in Apollo Munich Health Insurance Company Ltd to its joint venture partner, Munich Re of Germany, for Rs 163.5 crore. The proposed transaction values Apollo Munich at Rs 703 crore. Completion of the proposed transaction is subject to applicable regulatory approvals and execution of customary agreements, which is expected to be completed at the end of the first quarter of 2016. |
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Apollo Hospitals to raise Rs 1,000 crore for expansion
Posted on 8th October 2015 |
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Apollo Hospitals Group will raise up to Rs 1,000 crore through a rights issue and private equity investment to expand its hospital network and specialty clinics across the country. The group plans to complete fund-raising in the next few months. The group runs 55 hospitals under a listed entity and has a network of clinics, which are managed through a wholly-owned subsidiary. “We plan to raise up to Rs 500 crore through a rights issue for expansion of hospitals and another about Rs 500 crore from private equity investors for the clinics,” said Sangita Reddy, joint managing director of Apollo Hospitals Group. |
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Apollo Hospitals Q1 net up 10% at Rs 95 cr
Posted on 7th August 2015 |
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Apollo Hospitals Enterprise Ltd has posted a growth of 9.8 per cent in net profit at Rs 94.95 crore during the quarter ended June 30, 2015, as compared to Rs 89.52 crore in the same period of previous fiscal year. The total income stood at Rs 1,264.96 crore during the quarter, as against Rs 1,053.72 crore during the same period of previous fiscal year, an increase of 20 per cent. |
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