Page 11 - Apollo Hospitals

Apollo Hospitals plans to offer new financing options to patients

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

Apollo Hospitals gets shareholders' approval to issue Rs 5-billion NCDs

The issue was taken up for discussion at the company's 37th annual general meeting on Thursday

Apollo Hospitals, SBI Card partner to launch co-branded credit card

Apollo SBI cardholders will receive complimentary OneApollo membership

Oppenheimer Fund sells 1.4 mn Apollo Hospitals shares, worth Rs 1.46 bn

Oppenheimer Developing Market Fund had been holding around 8.49% of Apollo Hospitals' equity shares till the end of the last quarter

Margin expectation fires up Apollo Hospitals, stock gains on strong results

With capex cycle coming to an end and occupancies increasing, operating profit is expected to double over next three years

Apollo Hospitals to expand footprint with local tie-ups, bets on Modicare

Is also bullish on entry of institutional players in healthcare, is focusing now on north Indian market

Apollo Hospitals' exosome technology detects brain cancer without biopsy

Its two research arms have achieved path-breaking outcomes in non-invasive, cost-effective cancer bio-markers

Apollo Hospitals stock falls nearly 4%, expects 2018-19 to be a strong year

Any regulatory action, however, could offset gains from operational improvement

Apollo Hospitals joins hands with IBM Watson for cancer treatment

These platforms will help physicians provide patients with personalised, evidence-based cancer care

Improvement in sight for Apollo Hospitals despite disappointing Q3 results

Operating performance and return ratios should improve through FY20

Apollo Hospitals eyes better margins next year

Apollo Hospitals' earnings were stable during the September quarter but it faced an incremental cost of Rs 35 crore

Apollo Hospitals to take pharmacy store count to 3,000 in next 6 months

In the first half of the financial year, Apollo Hospitals has added 191 stores and closed five stores, for a net addition of 186 stores

Increasing real estate price a challenge for affordable hospitals: Apollo

The company is looking at overcoming some of these challenges through digital technologies and others

Apollo Hospitals looks at acquisition in North and West

The hospital chain is expected to invest around Rs 300 crore during this year.

Apollo Hospitals to add over 2,000 beds in next three-year expansion plan

After crossing a target of total 10,000 beds capacity, Apollo Hospitals is gearing for next stage of expansion plan, which would see addition of around 2,000 beds. The hospital chain is in the final stage of its current three-year expansion plan, which is to add 2500 beds."I think Apollo doesn't sleep. It works round the clock and we are completing the three year plan of adding 2,500 beds now, which will be completed with the Proton Centre. But we will have another three year plan, we need more beds because of the huge problem of NCDs," said Prathap C Reddy, executive chairman, Apollo Hospitals Group.In the next stage, the company would have speciality beds for cardiology and cancer, would expand to other cities where it do not have presence and also to increase the beds in cities where it is already present in, he said."Investment for the present expansion is completely covered. When it comes for the next expansion, people are willing to give us money, they trust us," added Reddy. ..

Apollo Hospitals aims at better occupancy to boost growth, as Q4 net dips

With a decline in growth for the year 2016-17, Apollo Hospitals Enterprise Ltd (AHEL) is focusing on increasing its occupancy to improve growth. The hospital currently has an occupancy of 47 per cent and the plans are to increase the occupancy to 65 per cent by the end of current fiscal year, said senior management of the company. "The business plan this year is to see how we can improve our occupancy and fill in at least 400 more beds. We have a lot of vacant beds because of the new hospitals. First plan is to see how we can fill up the new beds and increase the occupancy from the current 47 per cent to around 65 per cent this year," said a senior official. The company has crossed a total capacity of over 10,000 beds last fiscal year, through aggressive expansion programmes.The first and second quarter of the fiscal year are usually good for the company and the company is expecting this to be true this fiscal year also. Last fiscal year, the overall growth was nine per cent and the ..

Apollo Hospital: Growth hinges on maturing hospitals, occupancies

With major capacity expansions behind it, margins to improve gradually

Apollo Hospitals family to form trust

Lawyers are working on the documents related to forming a trust and other legal formalities

Apollo Hospitals to restructure retail pharmacy business

Apollo Hospitals Enterprise Ltd (AHEL) is looking at restructuring its front end of the pharmacy retail business in order to bring down the foreign holding in retail below 51 per cent, as part of getting its pending Rs 750 crore rights issue approved by the authorities.The move comes as the Foreign Investment Promotion Board (FIPB) has been holding back its approval for the hospital chain to raise Rs 750 crore from the foreign investors. The FIPB has recommended the proposal to raise Rs 750 crore through rights issue from foreign investors to the Cabinet Committee on Economic Affairs (CCEA) for its consideration in in the meeting held on February 21, 2017, according to a latest announcement.The company has asked for a reasonable period of tiime to finalise and implement the proposed transfer of retail part of the pharmacy business of the company in compliance with FDI policy, according to an FIPB announcement.The foreign holding in AHEL is 55 per cent, which is because of the ...

Apollo Hospitals shares dip after IHH sells 6% stake

Share price of Apollo Hospitals declined by over 5 per cent on Friday after a report said that Malaysia-based sovereign fund Khazanah's arm Integrated Healthcare Holdings (Mauritius) (IHH) sold six per cent stake in the company. IHH already have invested into hospital sector in India other than the stake in Apollo Hospitals.The stock price has come down almost 5.31 per cent to Rs 1246 on Friday till 4 pm, as the news about a block deal to sell 6 per cent of its shareholding in Apollo Hospitals for $160 million.IHH held around 10.85 per cent equity share in Apollo Hospitals Enterprise Ltd (AHEL), till the end of December 2016. A potential exit from AHEL may help IHH to infuse more money into its own hospital business in India. It has acquired around 73.4 per cent stake in Global Hospitals in August 2015, for $195 million. "They (IHH) are looking at India at a much bigger play now, and with a Rs 1,800 crore valuation at present, selling the 11 per cent share in AHEL could help them to ..