Leading hospital chain Apollo Hospitals Enterprises Ltd (Ahel) has posted a consolidated net profit of Rs 477 crore during the second quarter this financial year, up 26 per cent from Rs 379 crore during the same period last financial year.
Apollo Hospitals Enterprise is set to expand presence in metro cities during FY26 with the addition of five hospitals that would add over 1,400 beds.
Apollo HealthCo Ltd (AHL), a subsidiary of Apollo Hospitals Enterprise (AHEL), on Friday entered into a binding agreement to raise equity capital of Rs 2,475 crore from Advent International (Advent), one of the world's largest private equity (PE) players. The transaction will also see the merger of two units under Apollo Healthco - its wholesale pharma distribution unit Keimed Pvt Ltd and online healthcare business Apollo 24'7. The merger will take place in a phased manner over the next 24-30 months.
Apollo Health Street Ltd, which is more than 75 per cent owned by the Apollo Hospitals group, said on Wednesday it had received a multi-year contract for more than Rs 300 million from a New York-based teaching hospital. \n\n\n\n
Apollo Hospitals Enterprise (APH) delivered an in-line performance for the April-June quarter of the financial year 2024-2025 (Q1FY25)with growth in the number of patients. AHLL (Apollo Health & Lifestyle), a subsidiary, posted sales growth and profitability. APH also reduced operational costs at Healthco.
The stock of Apollo Hospitals Enterprise (AHEL), India's largest listed health care services company, fell 4.6 per cent on Monday (April 29) and slipped another 0.34 per cent to close at Rs 5,946.20 on Tuesday (April 30). The share declined due to a lower valuation for subsidiary Apollo HealthCo (AHL) and an aggressive valuation for Keimed, a promoter-owned drug wholesaler that is merging with AHL.
Lawyers are working on the documents related to forming a trust and other legal formalities
The June quarter numbers of the country's largest listed healthcare services provider, Apollo Hospitals Enterprise (Apollo), were in line with Street estimates on the operational front. Net profit estimates, however, missed expectations due to higher interest and tax outgo. The revenue performance of the core hospital segment was robust, registering a 13 per cent increase over the year-ago quarter.
Apollo Hospitals was looking at divesting at least 50 per cent of Apollo Pharmacy, the retail pharmacy network, for Rs 1,000 crore.
About 250 income-tax sleuths conducted searches at 20 hospitals in Chennai alone
'Cancer incidence is projected to increase by 12.8 per cent by 2025 compared with 2020, necessitating more dedicated cancer treatment centres and specialised beds.'
While Q2FY26 is expected to be mildly disappointing for the hospital sector, there's a lot of investor optimism for the future. This comes after a favourable revision in rates for Central Government Health Scheme (CGHS) procedures, as well as expectations of rising occupancy and growth in average revenue per operating bed (ARPOB).
The Apollo group is planning to build a hospital in Africa in the next two years.
Next year Medica and Manipal will merge, making the amalgamated entity the largest corporate hospital chain in the country, overtaking Apollo Hospitals Enterprises.
Leading chains plan Rs 40K crore infra revival to close capacity gap over next 3-5 years
The proposed Mumbai project is part of a series of new hospital projects planned by Apollo across the country.
Prathap Reddy, chairman, Apollo Hospitals group, said the group was aiming to provide the best of West and East in healthcare.
The group has a succession plan in place and all of Reddy's four daughters have well-defined roles.
Apollo Hospitals and Fortis Healthcare are open to importing vaccines.
Three big private hospital chains -- Apollo, Fortis and Max -- on Friday announced the launch of Covid-19 immunisation drive for the 18-44 age group at limited centres in the country from May 1 while the Delhi government said it will start the vaccination exercise once it receives doses from the manufacturers.
Bharatiya Janata Party candidate from Chevella Lok Sabha constituency K Vishweshwar Reddy has emerged as one of the wealthiest contestants in Telangana after he declared his family assets worth Rs 4,568 crore, according to an affidavit he filed with the election authorities.
Spiritual leader Sadhguru Jaggi Vasudev was discharged from a private hospital in New Delhi on Wednesday, days after he underwent an emergency brain surgery after suffering 'life-threatening' bleeding in the skull, a source at the medical facility said.
Announcing that the Apollo Hospitals, Chennai, has bagged the HIMSS Analytics Asia Pacific Award for its IT capabilities, Sangita Reddy, executive director -- operations, Apollo Hospitals Groups, said, "We will have 6,000 beds covered with the system and capabilities by the end of the year and in another six months from that all 9,000 beds of Apollo Hospitals will be covered."
Apollo Group Hospitals on Friday announced to have entered into a strategic alliance with Johns Hopkins Medicine International for collaboration in medicine, education, research and setting up a diagnostics lab.
The merged entity will have a combined market share of 6.4 per cent in the non-life insurance industry with 308 branches in the country. The deal is subject to regulatory approvals and the entire process is expected to be completed in nine months.
The integrated hospital and wellness centre would have four major service verticals -- medical cluster, wellness cluster, long-term care and education-R&D zone.
Apollo Health and Lifestyle, a fully owned subsidiary of the Apollo Hospital Group, on Tuesday said it would open 35 clinics this fiscal in non-metro towns as part of its strategy to focus beyond metros.
The group would be opening at least one hospital every three months for the next one year.
Revenues from Bangladeshi patients have declined by 30% to 35% in 2024-2025. Bangladesh typically accounts for 70% to 75% of all medical visas issued by India.
The management of Apollo Hospitals would stand firmly behind its doctors and staff who were recently chargesheeted in the Rahul Mahajan case in New Delhi, managing director of the group Preeta Reddy said on Monday.
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