Apollo Hospitals pegs a $2.3 billion sales target for new company

Will look at acquisitions after monetising a small stake

Apollo Hospitals
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Ram Prasad Sahu Mumbai
The country’s largest listed healthcare company, Apollo Hospitals Enterprise (AHEL), is restructuring its operations by setting up a separate company to house its pharmacy and online digital assets. The reorganisation will enable the company to focus on digital healthcare services and unlock value given investor demand for such healthcare platforms.

AHEL will transfer related assets (pharmacy retail and backend, diagnostics, online brands) and companies to the new outfit called Apollo HealthCo (AHL) and will get Rs 1,200 crore for the slump sale of these assets. The consideration will be paid once AHL raises money from new investors in exchange for

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First Published: Jun 24 2021 | 7:31 PM IST

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