Page 3 - Apollo Hospitals

Stocks to Watch today, Sep 28: Adani Ports, Apollo Hosp, NBCC, Zee, KEC

Stocks to watch on Thursday, September 28 2023: Telecom stocks too may see some action after Trai data for July showed considerable new subscriber additions for Jio and Airtel; and loss of market shar

Apollo to acquire partially built hospital in Kolkata region for Rs 102 cr

Apollo Hospitals on Wednesday said it has acquired a partially built hospital at Sonarpur in West Bengal's South 24 Parganas with a total capacity of 325 beds in a bid to ramp up its healthcare capacity in the Eastern region. Future Oncology Hospital and Research Center was acquired in an all cash deal of Rs 102 crore by Apollo Multispecialty Hospitals Ltd, a wholly owned unlisted subsidiary of Apollo Hospitals Enterprises. The acquisition is being fully funded through its own internal accruals, the company informed the bourses. This will be the second Apollo Hospital in the Kolkata region and fifth in the eastern region. The announcement comes close on the heels of Manipal Hospitals acquiring an 84 per cent stake in AMRI Hospitals Ltd having a total of 1,200 beds in three hospitals at an enterprise valuation of Rs 2,500 crore. "The addition of this new facility is part of our planned capacity expansion across the country and will allow us to serve even more people in the region,"

Apollo Hospitals ties up with MotoGP Bharat to provide medical support

Apollo Hospitals on Monday said it has tied up with MotoGP Bharat Grand Prix to provide medical support for the event. The capital-based Indraprastha Apollo Hospital would provide support for the first-ever MotoGP event in India to be held between September 22-24 at the Buddh International Circuit in Greater Noida, Uttar Pradesh. "This partnership is a testament to the diverse strengths that Apollo has to offer to the world," Apollo Hospitals Group Chairman Prathap C Reddy said in a statement. While the hospital's expertise in hospital-based care is well recognised, expertise in handling complex and critical medical conditions that can arise in the world of motorsports is equal if not better, he added. Indraprastha Apollo Hospitals is a joint venture between the Government of Delhi and Apollo Hospitals Enterprise Ltd.

As costly bills hurt patients, rising ARPOB helps improve hospital earnings

ARPOB refers to the average revenue per operating bed which has gone up from Rs 37,397 in FY20 to Rs 57,760 for the first quarter of the ongoing financial year

Apollo Hospitals ties up with Google to offer AI-powered consultations

Through its digital platform Apollo 24/7, Apollo Hospitals aims to enhance the healthcare experience for users, with home delivery of medication and improved clinical decision making as well

Rising acceptance of organ donations is making Chennai a hub of transplants

The biggest reason for Chennai's emergence as a transplant hub is perhaps the rising availability of donors, both living as well as dead

Apollo Hospitals to have 3,000 beds under real-time patient monitoring

This care technology, underpinned by artificial intelligence (AI), also monitors and detects early signs of patient deterioration, enabling timely corrective action

Occupancy surge, pharmacy profitability key triggers for Apollo Hospitals

As compared to 64% in the March quarter, overall occupancies across hospitals in the group were at 62%

Apollo Hospitals Q1 results: Net profit declines 47% to Rs 167 crore

Apollo Hospitals on Friday said its consolidated profit after tax declined by 47 per cent to Rs 167 crore in the first quarter ended June 30, 2023. The healthcare major had reported a PAT (profit after tax) of Rs 317 crore in the April-June quarter of previous fiscal. Revenue grew by 16 per cent to Rs 4,418 crore in the first quarter as against Rs 37,96 crore in the same period a year ago, Apollo Hospitals said in a regulatory filing. As on June 30, 2023, Apollo Hospitals had 7,798 operating beds across the network, out of which 14 hospitals were new with 2,380 operating beds, it said. The new hospitals have a utilisation of 60 per cent and are expected to witness double-digit growth in volumes and improvement in utilisation and profitability going forward, it added. "As we step into the next quarter, our focus remains steadfast to augment our doctors' expertise and revolutionise the overall patient experience as we continue steering Apollo towards a future where healthcare is ..

Apollo expects 2,000 organ transplants a yr by 2024, sees 20% sector growth

Company announces completion of 23,000 transplants on Friday; contributes to 12% of total transplants in India

Apollo Hospitals launches dedicated arm for comprehensive childcare

The Apollo Hospitals group on Wednesday launched a dedicated pediatric arm to provide "comprehensive care" for children at its major facilities, as its chairman Prathap C Reddy expressed hope that it will grow and become "synonymous with the country's 'Heal in India' vision. In a recorded message delivered on the occasion of the launch here, Reddy also said India today is ready for providing total and specialised care in sub-specialities. Christened "Apollo Children's", the rebranded service arm of the healthcare giant envisions "to bring 360-degree, comprehensive care, from the stage of an unborn baby to a newborn baby to a child to an adolescent till they reach 18 years, with all specialists coming together", said Dr Anupam Sibal, Group Medical Director, Apollo Hospitals. Reddy in his address called it "another major milestone" for the Apollo group which began with the opening of its first hospital in Madras (now Chennai) in 1983. "From day one, we have paid special attention to

Apollo Hospitals hits 52-wk high on talks to raise $200 mn; up 8% in 2 days

Apollo Hospitals is looking to sell around 5-6 per cent stake in Apollo HealthCo at an expected enterprise value of $2.5-$3 billion, said a report by The Economic Times

Sensex extends rally to 4th day, ends 123 pts higher; ITC, IT stocks shine

CLOSING BELL ON MAY 30, 2023: The NSE Nifty 50 gained 35 points at 18,634; while the Bank Nifty hit a fresh all-time high at 44,499.

Covid variant XBB.1.16 driving up cases in India, know its symptoms

Amid the spike in cases, the Union Health Ministry has alerted all the state governments to be prepared for rise in Covid cases

Apollo focusing on prevention to tackle the NCD crisis: Preetha Reddy

Strategy is to attract medical tourists by offering both medicinal systems at one place, says senior executive

India was world's No. 1 in handling Covid: Apollo Hospitals founder

In a Q&A, Prathap Chandra Reddy talks about the need to focus on medical tourism and medical education to meet the demand of 18 million professionals in the sector by 2030

Apollo Hospitals donates monitoring patches for Turkey earthquake victims

Apollo Hospitals collaborated with LifeSigns to donate 1,000 remote patient monitoring patches to support victims after last month's earthquake in southeast Turkiye and northern Syria, it said in a statement on Monday. These patches, manufactured by LifeSigns, can be used in settings where patients need close monitoring of vital signs, including cardiac rhythm. According to the statement, "They allow doctors to reliably monitor a patient's heart rate, ECG (electrocardiogram) rhythm, respiratory rate, temperature, and position, and can also be used to connect to oxygen saturation monitoring devices. "This will free up critical care beds for the sickest patients, and those who need care outside of hospitals or in the field can use the patches." Dr Sai Praveen Haranath of Apollo Hospitals said, "Apollo Hospitals stands ready to assist Turkiye in this hour of need to help with medical assistance and guidance from our entire critical care and sub-specialist teams..." The February 6 ...

Flipkart in talks to acquire Bengaluru-based e-pharma player Pharmallama

The deal may result in Flipkart gaining access to technologies of the platform, the people said on condition of anonymity

Apollo Hospitals Q3 results: Net profit declines 33% to Rs 153 crore

Revenue of existing hospitals grew 9 per cent, while the new hospitals grew by 8 per cent

Apollo Hospitals conduct 5G-based tech trial for colon cancer detection

Telecom operator Bharti Airtel and Apollo Hospitals have carried out India's first 5G driven, artificial intelligence guided trial to detect colon cancer, the telecom firm said on Thursday. The trial was conducted using AI on Airtel's 5G technology with ultra-low latency and high processing capabilities, as a result of which the colon cancer was detected much faster and with greater accuracy, it added. "At Airtel, we are geared up to lead this transformation and have demonstrated this by conducting India's first colonoscopy trials. Healthcare is one of the most promising use cases for 5G, and we are delighted to collaborate with Apollo Hospitals, AWS, HealthNet Global and Avesha," Airtel Business CEO and Director Ajay Chitkara said. HealthNet Global, AWS and Avesha were the other three companies that collaborated on this trial. The data was processed by Avesha edge inferencing applications on AWS platforms on real time basis, resulting in faster analysis. "AI assisted Colonoscopy