Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Stock Report

| More

Apollo Hospitals announces formation of Apollo HealthCo

Posted On: 2021-06-23 17:03:21 (Time Zone: UTC)

Apollo Hospitals Enterprise Limited ("AHEL") today announced a re-organization through the slump sale of identified business undertaking including a) AHEL's back-end offline pharmacy business (excluding hospital-based pharmacies), b) AHEL's digital healthcare platform Apollo 24/7, c) AHEL's investment in retail pharmacy business (Apollo Medicals Private Ltd), and d) the "Apollo 24/7" brand, the "Apollo Pharmacy" brand and private label brands into AHEL's 100% subsidiary Apollo HealthCo Limited ("AHL").

Apollo HealthCo Limited represents Apollo Group's transformational journey towards creating India's largest omni-channel healthcare platform. This platform will combine the strengths of Apollo Group's offline healthcare leadership with Apollo Group's new-age digital offerings to address all healthcare consumer needs.

We have consistently maintained, that the offline pharmacy business will continue to grow to 5,000 stores and maintain a healthy revenue growth rate of 18-20% in the next 3 years. The margin trajectory of this business remains intact. In addition, the digital healthcare platform Apollo 24/7, has demonstrated the capability of delivering medicines in 2 hours in over 10,000 pin codes combined with the highest availability of medicines. Apollo 24/7, which is already the highest-earning tele-consult platform in India, continues to scale rapidly with an "asset light approach" and with the aspiration to achieve 100 million registered users in 5 years.

Shobana Kamineni, Executive Vice Chairperson, AHEL said "The advent of the digital era has revolutionised healthcare as know it, and will define its future. The Apollo Hospitals Group, as the first adopter of modern healthcare, is perfectly positioned to be at the forefront of this transformation. Through our app, Apollo 24/7, we deliver medicines, consults and diagnostic services to people at their homes. This Omni-channel approach has allowed us to serve over 27 crore people over the last 500 days."

We believe the growth ofAHL (and Apollo 24/7) will present a huge potential to serve healthcare consumers into AHEL as a whole, and will give accelerated momentum to all ofAHEL's healthcare verticals, by delivering an integrated and seamless omni-channel experience.

This proposed re-organization will set the platform for tapping new pools of investor capital that will enable rapid scale up of the digital healthcare platform. At the time of capital raise, AHL valuation will reflect current and future growth potential. Post external capital raise at AHL, AHEL is expected to retain dominant majority shareholding in AHL and a slump sale consideration of Rs 1,210 crores will be received by AHEL.

This is the next step in the already announced multi-year unlocking of value for AHEL shareholders, and paves the way to fuel growth of India's largest onini-channel healthcare platform.

Suneeta Reddy, Managing Director, AHEL said "Our digital and omni-channel play is a natural consequence of our long-held ideal of taking care closer to the consumer. Apollo Hospitals has a proven track record of incubating new business verticals and growing them both in size and profitability. We are always focused on creating and enhancing shareholder value, and we will ensure Apollo 24/7 delivers on its potential, with the separate focused management team we have put in place, who bring with them a deep understanding of healthcare, technology and digital perspectives."

Dr Prathap C Reddy, Founder Chairman, AHEL said "I started Apollo Hospitals to bring healthcare of international standards within the reach of every individual. Our new digital approach will allow us to serve most Indians, wherever they are, while maintaining the high standard and continuum of clinical care that consumers rightly expect from us. Now I believe we in India, have the capability and are poised to become the health provider to the World, through a Doctor-Led, Digital -First approach".

Shares of APOLLO HOSPITALS ENTERPRISE LTD. was last trading in BSE at Rs.3238 as compared to the previous close of Rs. 3258. The total number of shares traded during the day was 41027 in over 1693 trades.

The stock hit an intraday high of Rs. 3297.95 and intraday low of 3213.7. The net turnover during the day was Rs. 132836769.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

ICRA Ltd assigns rating to Edelweiss Financial Services Limited

Majesco to build a Proptech Ecosystem, to acquire 51% stake in K2V2 Technologies Pvt Ltd

Transcorp International returns to Cash Profits - remains bullish on outward remittance and PPI Payments Systems business

Dynamatic Technologies Ltd concludes sale of foundry business

Veer Global Infraconstruction Limited acquires land in Vasai, Palgarh

Kirloskar Industries Limited's arm approves revised plan for its land parcel at Kothrud, Pune

Aurionpro Solutions Ltd posts Q1FY22 consolidated PAT of Rs. 14.21 crore

CyberTech Systems and Software Limited Q1FY22 consolidated net profit at Rs. 3.94 crore

Reliance Industries Ltd Q1FY22 consolidated net profit declines to Rs. 12273 crores

Symphony Ltd Q1FY22 consolidated PAT at Rs. 6 crore

Artson Engineering Ltd reports net profit of Rs. 55.53 lakhs in Q1FY22

Dynamatic Technologies Ltd Q1FY22 consolidated PAT at Rs. 2.52 crore

Majesco Ltd Q1FY22 loss at Rs. 2.41 crore

Sat Industries Ltd Board recommends Dividend of Rs. 0.10

Navkar Corporation Ltd board approves expansion plan

N R Agarwal Industries Limited's ratings reaffirmed, rated amount enhanced

SAT Industries Ltd updates on investment plan of Sah Polymers Ltd

JSW Steel Limited to acquire stake in JSW Paints

Wipro Recognized as 2021 Microsoft Modernizing Applications Partner of the Year

NTPC commissions 2nd unit of 800 MW Darlipali Super Thermal Power project

Ambuja Cements Ltd Q2CY21 consolidated PAT at Rs. 876.71 crores

United Spirits Ltd Q1FY22 consolidated net profit down QoQ to Rs. 50.3 crores

Seshasayee Paper & Boards Ltd Q1FY22 consolidated PAT declines QoQ to Rs. 19.86 crores

Fineotex Chemical Ltd reports consolidated PAT of Rs. 9.47 crore in Q1FY22

SAT Industries Ltd posts consolidated Q1FY22 PAT of Rs. 7.69 crore

YES Bank Ltd Q1FY22 consolidated at Rs. 203.76 crores

SBI Card and Payment Services Ltd posts Rs. 304.61 crores PAT in 1QFY22

ABB Power Products and Systems India Ltd Q2CY21 net profit at Rs. 16.30 crore

Panacea Biotec Ltd posts consolidated loss of Rs. 57.35 crore in Q1FY22

Jubilant Pharmova Ltd Q1FY22 consolidated net profit drops QoQ to Rs. 160.49 crores

Cigniti Technologies Ltd Q1FY22 consolidated PAT declines to Rs. 20.42 crores

JSW Steel Ltd reports consolidated net profit of Rs. 5900 crores in Q1FY22

Chemcrux Enterprises Ltd Board recommends 2:1 Bonus Issue

Dr. Agarwals Eye Hospital Ltd Q1FY22 loss at Rs. 72.32 lakhs

SKF India Ltd Q1FY22 net profit drops QoQ to Rs. 79.12 crore

Standard Industries Ltd reports profit in Q1FY22

ICRA-assigned Credit Rating for Rs. 429.02 crore Bank Facilities of Indoco Remedies Limited

Crompton Greaves Consumer Electricals Ltd posts Rs. 94.76 crore consolidated PAT in Q1FY22

Prime Securities Ltd Q1FY22 consolidated PAT up at Rs. 4.29 crore

ATUL Ltd Q1FY22 consolidated net profit at Rs. 165.94 crores

Pranavaditya Spinning Mills Ltd Q1FY22 loss at Rs. 29.63 lakhs

The Federal Bank Ltd Q1FY22 consolidated PAT at Rs. 355.56 crores

Wendt India Ltd Q1FY22 consolidated PAT at Rs. 6 crore

Marksans Pharma Ltd board approves preferential issue of warrants at Rs. 74

Intense Technologies Ltd. appoints Siba Brata Dash as Sr. Vice President - Strategic Growth Initiatives

DJ Mediaprint and Logistics Ltd bags order from SBI

Andhra Paper Ltd plans annual maintenance outage of plant at Rajahmundry

Happiest Minds Technologies is among Asia's Top 100 Great Places to Work 2021

Cyient develops Urban Forestry Land in Hyderabad

Adani Transmission's entity Adani Electricity Mumbai is First in India's Energy Sector to Issue Sustainability Linked Bonds

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020