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Indraprastha Medical Corporation Ltd.

BSE: 532150 Sector: Health care
NSE: INDRAMEDCO ISIN Code: INE681B01017
BSE 00:00 | 18 Sep 36.85 0.05
(0.14%)
OPEN

37.00

HIGH

37.00

LOW

36.75

NSE 00:00 | 18 Sep 36.90 0.20
(0.54%)
OPEN

37.05

HIGH

37.35

LOW

36.80

OPEN 37.00
PREVIOUS CLOSE 36.80
VOLUME 12273
52-Week high 45.50
52-Week low 35.00
P/E 11.10
Mkt Cap.(Rs cr) 338
Buy Price 36.70
Buy Qty 1.00
Sell Price 37.50
Sell Qty 10.00
OPEN 37.00
CLOSE 36.80
VOLUME 12273
52-Week high 45.50
52-Week low 35.00
P/E 11.10
Mkt Cap.(Rs cr) 338
Buy Price 36.70
Buy Qty 1.00
Sell Price 37.50
Sell Qty 10.00

Indraprastha Medical Corporation Ltd. (INDRAMEDCO) - Chairman Speech

Company chairman speech

Dear Shareholders

I look back nearly 35 years to when we initially set out to build the_rst corporate hospital and then to the journey thereafter in nurturing it into theworld-class healthcare institution it has grown into today.Our motivation for the pursuitof my goals has not wavered a bit through this eventful and challenging journey. We haveremained relentless during all this time in putting the patient at the core of all that wedo and bringing to them differentiated and loving care to alleviate the pain of illnessand keep them well. Then as now we remain equally single minded in wanting to bridge thehuge demand supply gap in India for quality hospitals and patient focused healthcare.Rising challenges posed by Non-Communicable Diseases (NCDs) like diabetes heart diseaseand cancers drive us to strive even harder each day. Our country is facing a huge threatin the form of NCDs. Current analyses suggest that by 2020 as many as 300+ million peoplewill be at risk of dying from NCDs in India. Diabetes largely brought on by lifestyle isthe single largest healthcare burden accounting for nearly 69 million diabetics andclaiming more than a million lives a year. In addition India houses the second largestpopulation of smokers in the world. Tobacco kills one million Indians annually more thantuberculosis HIV/ AIDS and malaria combined. As a country it is now time to go to waragainst NCDs.

The Government ‘s adoption of the pathbreaking National HealthPolicy is a good step towards providing its citizens primary healthcare. Additionallythe government's move to convert its 150000 PHCs to Health and Wellness Centers that willoffer a more comprehensive package of services marks a pivotal shift towards preventivehealthcare and reaffirms what we at Apollo have always been saying - keeping a nation'scitizens healthy helps the country realize their full potential. The just announcedAyushman Bharat initiative will widen healthcare access to millions of under-servedfamilies and will serve as an inflection point in the healthcare journey for the nation.

We are a pioneer in Public–Private Partnership and look forward toworking with the Government as they roll-out the programme helping to ensure that thehighest_quality care reaches underserved citizens on a sustained basis.

Our 300+ clinicians in our various cardiac centres across the countryhave performed 10000+ heart surgeries this year. We have preventive health checks whichcan diagnose cardiac problems before they develop into a serious heart condition. We wantto educate people to ‘Act Before the Attack'. Our solid organ transplant centre isthe busiest in the world. Our 35 transplant surgeons across the network have performed1500+ transplants in FY18 of which 904 were kidney transplants.

In putting the patient _rst in our strategy we have made substantialinvestments to set up leading edge Cancer Centers with expert physicians and the latesttechnologies for treating cancer one of the most crucial among NCDs. Our ‘ProtonTreatment Centre' a cancer treatment and research facility in Chennai will beoperational soon. This facility will give patients access to cutting-edge Proton BeamTherapy an advanced organ speci_c radiation treatment for removing malignant tumors fromthe head neck brain pancreas and prostate. Our clinical excellence marked by ourquality processes and patient safety practices and on-going commitment to innovation -the lifeline of any business have not only helped us make quality healthcare moreaccessible and affordable but have placed us on the cutting edge of healthcare deliveryaffording us several differentiators in our various Centers of_Excellence.

For any hospital to render uncompromised care to its patientscontinuous improvement in service delivery is a must. To me this is non-negotiable. Wehave over the years determinedly and consistently invested inthe latest technologies andsophisticated systems. This enables our doctor fraternity to harness the best treatmentoptions for our patients - similar to those available elsewhere in the world. Today Itake pride that Apollo Hospitals is on par with leading international healthcareinstitutions. We provide world-class healthcare at significantly lower prices whileproducing clinical outcomes that are better or on par with them. The key to this successhas been our consistent and on-going dedication to patient satisfaction and need basedhealthcare services. We strongly believe that it is not enough to merely treat ourpatients' diseases but that it is important to first treat them as human beings withcare and respect. This is the foremost reason generation after generation our patientscome back to us honoring us with their trust. It is this sort of patient relationshipthat we work hard to nurture by putting the patient first in our business strategy.

To purposefully deliver healthcare in a country of more than a billionpeople it is necessary to build a robust system that can serve both the urban and ruralareas. This requires specialty hospitals clinics primary health care centers and remotehealth care services where technology can be leveraged most optimally for the patients. Wehave to challenge traditional ways of rendering care and instead use disruptive technologyto scale reach and reduce costs. For example technology enabled home health care must beleveraged to free up scarce beds speed up recovery and reduce cost.

Business is not just about profit but also about giving back to andserving the community. Apollo Hospitals has championed social causes with initiatives likeSave a Child's Heart which provides quality pediatric cardiac care to children fromunderprivileged sections of society Society to Aid the Hearing Impaired and the CUREFoundation focused on cancer care assist for children from financially challenged homes.

India is counted among the world's fastest growing economies. In healthcare we are con-stantly pushing boundaries by sharing and collaborating to improvepatient experience trans-forming care delivery through telemedicine and optimizedprotocols digitalizing and democra-tizing health through mobile solutions andtelemedicine and working with Artificial Intelligence and Big Data to developIndia-specific patterns for disease detection and cure. As a nation let us be committedto the health and well-being of our people. ‘Health for All' demands that we ensureuniversal health insurance coverage put in place comprehensive programs for preventivehealth and continue building world-class infrastructure. We should also implementtechnology-enabled access and build strong health care skills. Above all we need to focuson empowering the individual to take charge of his own health and be responsible for hiswell-being. The right combination of all of the above is the perfect prescription for ahealthy India.

It is our strong belief that we have built a well diversified andresponsive business model which has borne out in even in a challenging and changingexternal environment. We have made internal changes as needed to position ourselvesstrongly so as to leverage local demand the roll-out of NHPS and the increasing numbersof medical value travelers. We remain quietly confident about our prospects in thequarters to come.

I thank my Apollo family — doctors consultants and staff whohave made this journey successful. And I thank all our stakeholders especially you ourinvestors for the faith and trust you have reposed in us and for the continuing supportyou have shown us over the years. I look forward to that support as we keep pressingforward on our journey. I wish you and your families much good health

With warm personal regards

Dr. Prathap C Reddy Founder Apollo Hospitals Group