At the outset allow me to mark the 35-year milestone of
Apollo Hospitals a journey that began for me as a mission to bring top qualityequitable healthcare of international standards to Indians. Our commitment to that missionled by consistent and uncompromising standards in clinical practices quality measuresand patient centric care has not only heralded the birth of an industry in the countrybut has also enabled us to set benchmarks in healthcare delivery as a whole. I am proudthat Indian private healthcare is able to serve two-thirds of the Indian population todayas well as people from more than 120 countries seeking better healthcare options.
Apollo Hospitals Group is the only global institution with presence in every facet ofthe healthcare eco-system encompassing curative health pharmacies retail healthdiagnostics telehealth home health as well as preventive health and wellness medicaleducation and skill development not to mention health insurance and over 3400pharmacies. We have touched over 120 million people through our eco-system led by ourhallmark clinical excellence tendered with care compassion and cost benefit anachievement which no other private institution can claim. Dr. HJ Morowitz Professor atthe
Yale University analyzed various parts of the body and its functions and pegged thevalue of its creation at six trillion dollars. Such a priceless body needs strong guidanceto protect its health and well-being. I feel extremely privileged that in February thisyear the Hon'ble Governor of Tamil Nadu Shri Banwarilal Purohit launched a Postal Stampto mark our pioneering efforts in the area of Preventive Healthcare in India. The Master
Health Check which we pioneered is a great tool to help people in the pursuit ofwellness. It can pick up abnormal health parameters and help in early diagnosis ofpotential health problems. I am happy to tell you that we have completed over 20 millionhealth checks till date. Over the years the Postal Department of India has honoured uswith four stamps to mark our achievements-something that no other hospital group in theworld can claim.
Non Communicable Diseases or ncds which include diabetes cardiac strokes infectionsand cancer are soon going to become a major challenge to the physical health and economicsecurity of many lower and middle income people. I would like to add two recentlyrecognized conditions to this listObesity and Sleeplessness. The
World Economic Forum has predicted that 75% of deaths by the end of this decade will befrom ncds creating a global cost burden of 30 trillion dollars. India's share in thiswill be a staggering 4.8 trillion dollars; more than 50% of the GDP. I call this aTsunami. In our experience we have realized that early detection is important and ncdscan be prevented or reversed. But we need to take good care of our precious bodies. AtApollo we have made it our Mission to carry the message of prevention and early detectioncountrywide and overseas also.
In this regard we have launched prohealth a three-year health and wellness programmefor our 60000 plus members of the Apollo family and their dependents a total of 200000people. The programme facilitates early detection and healthy living through healthguides online tools and call doctors. On completion of the program
I plan to send each one a cake to celebrate their health and happiness. I urge captainsof industries to extend this beneficial programme to all their employees so that thecommunity as a whole can celebrate health and happiness. I firmly believe when India takesthe lead the world will follow.
We have since inception underpinned our clinical excellence with superior technologyin every discipline comparable to any hospital in the world. Our most recent addition ofthe multi-room Proton Centre in Chennai will serve patients not just in India but alsofrom other countries that do not have this facility. The credibility of the Apollo brandand the cost of treatment which is less than one-third of international prices attractmany medical value travelers to our hospitals and our highly skilled team of medicalsurgical and radiation oncologists and physicists. Our facilities are equipped with thelatest technology to enable them in their diagnoses and treatments. This spirit pervadesour 70 hospitals.
Our Cardiac Institutes have consistently produced outcomes on par with the besthospitals in the world. The
Institutes have completed over 170000 coronary bypass surgeries and are the singlelargest establishment for minimally invasive cardiac surgeries. We have completed over50000 cabgs just in Chennai.
We continue to focus on growing our Centers of Excellence with a view to strengtheningour leadership position in key specialties in all our geographies.
Neurosciences Orthopaedics Emergency and Critical Care are identified as coes inaddition to Cardiac Oncology and Transplants. Our COE focus spans the entire spectrum ofcare starting with the best talent latest technology cutting-edge protocolsdifferentiated product and service portfolio and benchmarked clinical outcomes. We openedour 3400th pharmacy store this fiscal. The pharmacy business now contributes 39% to ourtopline.
Our retail business has a robust network of birthing centres primary clinics dentalclinics sugar clinics dialysis centres and diagnostic labs; we remain the leading retailhealthcare provider in the country.
The Indian government made a landmark move to launch
Ayushman Bharat' the Universal Health Insurance scheme. This resonateswith my own personal sentiment that "health is a global right and a globalduty". Our ppps in this regard stand testimony to our commitment to bring affordablehealthcare of superior standards to every fellow Indian. We have partnered with severalstate governments and leveraged technology to improve access to healthcare for theunder-served in remote rural areas of our country.
Through initiatives like telehealth and telemedicine we are able to run diagnosticsand provide specialized consultations for appropriate treatments creating innovativeservice delivery models for primary secondary and tertiary care.
We piloted our efforts in population health and well-being in Aragonda village mybirth place in Chittoor district (AP) in 2013 to fight the onset of Non CommunicableDiseases. The initiative Total Health provides "Holistic Health Care" for thecommunity starting from birth into childhood adolescence adulthood and in the lateryears of life. Today the program covers the whole of Thavanampalle Mandal with 170 hamletsand 60000 people and the results are extraordinary. I am proud to announce that ApolloHospitals in Aragonda has performed 150 Knee Replacement surgeries the first hospital inIndia to do so in a remote village.
On the 24th of February Shri Ram Nath Kovind thehon'ble President of Indiainaugurated our Multi Specialty Hospital in Lucknow apollomedics. This marks our 70thHospital with a capacity of 330 beds. Our FY 19 results show YOY growth of 17% in Revenuewith Healthcare Services contributing 55% and Standalone Pharmacies 39%. Overall theEBITDA stood at र 10637 mio a YOY growth of 34%. I am pleased to announce adividend of र 6 per share.
I am delighted to tell you that this year we have received 44 awards and accolades inIndia and abroad in recognition of our commitment towards patient centricity clinicalexcellence and innovation. We were also awarded the No 1 rank among Indian hospitals forthe 16th year in a row by The Week magazine a true testimony to our consistency indelivering superior quality healthcare to or patients.
The future of healthcare is dawning on us. A future in which the global health caresystems will focus on keeping people well-not just curing them when they are ill; wheretechnology-enabled care will be available when and where people need it; where drugs anddevices are personalized and based on an individual's needs; and where people understandthe cost value and impact of their options for care. The use of Artificial Intelligencein diagnostics for example genomic sequencing is fast gaining ground. The opportunityfor us to shape this future is promising and rich. We have partnered with prominent globalenterprises to create viable avenues to make healthcare delivery more efficient andsophisticated and to cater to the evolving needs of our patients.
The success of Apollo Hospitals has always been about teamwork. We want to place onrecord my sincere appreciation and gratitude for all the hard work my Apollo family hasput in to bring us to where we are today. We earnestly ask you to continue in that stridefor I am confident that together we can deliver value to all our stakeholders
patients investors and the community we serve.
I personally place on record my appreciation for our Board Members and investors forthe trust they have placed on us. I look forward to that in the coming years as we moveforward to achieve our goals.
Our steadfast goal is to bring down the huge burden of ncds through our comprehensivepreventive health programme. Always remember that your body is priceless and it is yourduty to maintain and preserve it towards your Health and Happiness.
Stay Healthy and my warm personal regards to all of you
Dr. Prathap C. Reddy
Executive Chairman Apollo Hospitals Group