India’s largest vertically integrated healthcare provider, Apollo Hospitals Enterprise Limited, has taken another major step forward in its mission to deliver world-class healthcare across the country. The company has announced plans to establish a new 500-bed hospital in Worli, Mumbai, alongside expanding its existing facility in Lucknow, adding 200 more beds. These initiatives come under […]
Max Healthcare Institute has taken a bold step to expand its dominance in the North Indian healthcare sector by acquiring a 64% stake in Jaypee Healthcare for an enterprise value of Rs 1,660 crore. The acquisition agreement, made with Jaypee Healthcare’s promoter, Lakshdeep Group, comes amidst the backdrop of Jaypee Healthcare’s ongoing Corporate Insolvency Resolution […]
In a significant development within the global healthcare industry, Apollo Hospitals Enterprise, recognized as one of the world’s largest vertically integrated healthcare providers, has announced the appointment of Dr. Madhu Sasidhar as President of its hospital division. This strategic move is aimed at further enhancing the group’s commitment to delivering world-class clinical outcomes and patient […]
Apollo Hospitals has once again demonstrated exceptional performance in the third quarter of the fiscal year 2024, marking a period of significant advancements in healthcare services and financial growth. The consolidated revenue saw a 14% year-over-year increase, reaching Rs 4,851 crore, with EBITDA growing by 21% and PAT soaring by an impressive 60%. This financial […]
Apollo Hospitals announced a far-reaching partnership with Google Cloud to democratize healthcare access across India via Apollo’s digital platform, Apollo 24|7. The collaboration intends to provide an omnichannel healthcare experience, offering telemedicine services, online doctor consultations, and medication home delivery. The digital platform is built entirely on Google Cloud technologies and aims to particularly benefit […]
Apollo Hospitals, an Indian integrated healthcare provider, is collaborating with Smart Joules in a ten-year initiative to cut carbon emissions by an impressive 290,000 tons, thereby supporting India’s decarbonization efforts. The partnership, which encompasses 18 hospitals nationwide, deploys Smart Joules’ innovative JoulePAYS solution to enhance energy efficiency in cooling, heating, ventilation, and automation across existing […]
Apollo Hospitals Enterprise has agreed to acquire a stake of 60% in Ayurveda hospital chain Kerala First Health Services (AyurVAID Hospitals) for INR 26.37 crores through a mix of primary and secondary capital infusion. Founded in 2005, AyurVAID Hospitals currently has eight in-patient hospitals in India, located across Bangalore, Kochi, Almora, and Gurugram. Treatment stages […]
Indian hospital chain company Apollo Hospitals said that it has raised an amount of INR 11.7 billion ($160 million) by allotting its shares to qualified institutional buyers (QIBs). In a filing to the Bombay Stock Exchange (BSE), the hospital chain said that its fund raising committee gave its nod to the allotment of 46,59,498 equity […]