Apollo Hospitals forms India's largest omni-channel healthcare platform - Apollo HealthCo

Apollo Hospitals Enterprise (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), and d) the "Apollo 24/7" brand, the "Apollo Pharmacy" brand and private label brands into AHEL's 100% subsidiary Apollo HealthCo (AHL).

Apollo HealthCo 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.

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.

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