Coffee with BS: Meet Prathap C Reddy, founder-chairman, Apollo Hospitals
Promoter group raises Rs 1,489 cr to reduce debt and holdings; doesn't plan further stake reduction
Apollo Hospitals shares rose 6 per cent after it reported a 42 per cent surge in its June quarter net profit
Apollo Hospitals posted a 42% rise in Q1 net profit to Rs 432.8 crore and announced a Rs 7,600 crore investment plan to add over 4,300 beds in five years
Apollo Hospitals surged over 4 per cent on plans to spin off and separately list its digital health and pharmacy unit
As cyber threats grow more advanced, hospitals are raising cybersecurity budgets, adopting AI-driven tools and preparing for stricter healthcare data regulations
Apollo's Q4 PAT surged 54% to ₹389.6 crore on strong patient volumes and revenue growth; FY25 profit up 61%, with ₹8,000 crore investment planned over 5 years
Apollo Hospitals' consolidated profit rose 51.8 per cent year-on-year (Y-o-Y) to Rs 372.3 crore in Q3FY25, from Rs 245.3 crore in the same quarter previous fiscal year (Q3FY24)
The Union Budget is just a financial document for the year ahead, but a launchpad for India's healthcare system to emerge as a global leader, Prathap C Reddy, Founder and Chairman, Apollo Hospitals said on Saturday. The addition of 75,000 seats over the next five years, coupled with the launch of Centers of Excellence in AI, will foster innovation in health-tech and expand R&D investments, Reddy said in a statement. The announcement to promote medical tourism through private sector partnerships will enhance the capacity to attract global patients and position India as the go-to destination for affordable, world-class medical care under the Heal in India' mission, he added. With support for capacity building and streamlined visa processes, this initiative will ensure India not only heals its citizens but also helps heal the world." The setting up of 200 Daycare Cancer Centers in district hospitals and the inclusion of critical medicines for rare diseases, cancer, and severe chronic
In the year 2024, every second stock among largecaps surged more than 50%, with 3 doubling investors' wealth. As we near the end of the calendar year, here are 5 potential stock winners for 2025.
Bangladesh has long been the largest source of medical tourists to India, with a 48 per cent year-on-year (Y-o-Y) surge bringing 449,570 patients in 2023 alone
During the period under review, the company's revenue grew by 15 per cent to Rs 5,086 crore, compared to Rs 4,418 crore during the same quarter last fiscal
Funds are to be utilised for growth capital in AHL, to pay for the Rs 890 cr of the Rs 1290 cr slump sale consideration owed to AHEL, and acquisition of an 11.2 per cent stake in Keimed for Rs 730 cr
The merger will happen in a phased manner over the next 24-30 months. The combined entity is expected to deliver Rs 25,000 crore of revenue in three years with 7-8 per cent EBITDA
Prior to joining Apollo, Sasidhar held various roles at Cleveland Clinic, including President of Cleveland Clinic Tradition Hospital
Free cash flows will enable health care chain to grow, says Suneeta Reddy
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,"
As compared to 64% in the March quarter, overall occupancies across hospitals in the group were at 62%
Analysts tracking index composition say Apollo Hospitals will replace Indian Oil; official announcement expected by Feb third week, changes will become effective on March 31
Most analysts are positive but target prices indicate limited upside