Improving performance in pharmacy business will also enhance overall show of Apollo Hospitals.
The company announced plans to set up the Centre in collaboration with Belgian firm Ipon Beam Applications in 2013, with an expected investment of Rs 400 crore
The promoters have already released around 10 per cent of their pledge
The firm has tied up with ApnaComplex, an apartment management and security solution provider, to set up these society clinics
The management has said AHLL's revenue has been growing well
The company had used the pledged share funds to infuse money into the joint venture Apollo Munich Health Insurance Company to meet the solvency ratio and both the partners had to invest into it
Total income grew 16.8 per cent to Rs 2,046.75 crore during the quarter, as against Rs 1,864.13 crore during the corresponding quarter a year ago
Apollo Hospitals' total income rose to Rs 2,177.15 crore in the quarter from Rs 1,864.13 crore a year ago.
Steady improvement in operating performance of hospitals business, value unlocking in pharmacy segment keeps market's confidence elevated
With a large network of over 3,000 outlets, the pharmacy business is a significant pillar of Apollo Hospitals' financial growth
Healthcare service provider Apollo Hospitals Enterprise Ltd has forayed into the Kerala market by entering into an Operations and Management (O&M) contract for a 250 bed super-speciality hospital at Angamaly, in Kochi. The hospital is part of the complex which currently hosts the Adlux Group's International Convention and Exhibition Centre. The Apollo Adlux Hospital is scheduled to begin operations in four to six months and will begin services as a tertiary care hospital with an advanced Oncology section in the next phase.. The company has also entered into an agreement with the State government to support the latter's efforts in rebuilding the infrastructure of primary healthcare centres (PHCs) damaged in the recent floods in the State. It will reconstruct one PHC at Kozhikode district and hand over to the government, said the company.Ends
About a decade ago, Reddy and her three sisters took over most executive functions at Apollo, India's largest hospital chain, from their father
The company's board approved a scheme of arrangement between Apollo Hospitals Enterprise and Apollo Pharmacies Ltd
The company has recently made a Rs 25-million investment in social-impact crowd-funding platform, Impact Guru Technology Ventures, in a Series A round
The issue was taken up for discussion at the company's 37th annual general meeting on Thursday
Apollo SBI cardholders will receive complimentary OneApollo membership
Oppenheimer Developing Market Fund had been holding around 8.49% of Apollo Hospitals' equity shares till the end of the last quarter
With capex cycle coming to an end and occupancies increasing, operating profit is expected to double over next three years
Is also bullish on entry of institutional players in healthcare, is focusing now on north Indian market
Its two research arms have achieved path-breaking outcomes in non-invasive, cost-effective cancer bio-markers