Page 6 - Apollo Hospitals

Occupancy surge, pharmacy profitability key triggers for Apollo Hospitals

As compared to 64% in the March quarter, overall occupancies across hospitals in the group were at 62%

Apollo Hospitals Q1 results: Net profit declines 47% to Rs 167 crore

Apollo Hospitals on Friday said its consolidated profit after tax declined by 47 per cent to Rs 167 crore in the first quarter ended June 30, 2023. The healthcare major had reported a PAT (profit after tax) of Rs 317 crore in the April-June quarter of previous fiscal. Revenue grew by 16 per cent to Rs 4,418 crore in the first quarter as against Rs 37,96 crore in the same period a year ago, Apollo Hospitals said in a regulatory filing. As on June 30, 2023, Apollo Hospitals had 7,798 operating beds across the network, out of which 14 hospitals were new with 2,380 operating beds, it said. The new hospitals have a utilisation of 60 per cent and are expected to witness double-digit growth in volumes and improvement in utilisation and profitability going forward, it added. "As we step into the next quarter, our focus remains steadfast to augment our doctors' expertise and revolutionise the overall patient experience as we continue steering Apollo towards a future where healthcare is ..

Apollo expects 2,000 organ transplants a yr by 2024, sees 20% sector growth

Company announces completion of 23,000 transplants on Friday; contributes to 12% of total transplants in India

Apollo Hospitals launches dedicated arm for comprehensive childcare

The Apollo Hospitals group on Wednesday launched a dedicated pediatric arm to provide "comprehensive care" for children at its major facilities, as its chairman Prathap C Reddy expressed hope that it will grow and become "synonymous with the country's 'Heal in India' vision. In a recorded message delivered on the occasion of the launch here, Reddy also said India today is ready for providing total and specialised care in sub-specialities. Christened "Apollo Children's", the rebranded service arm of the healthcare giant envisions "to bring 360-degree, comprehensive care, from the stage of an unborn baby to a newborn baby to a child to an adolescent till they reach 18 years, with all specialists coming together", said Dr Anupam Sibal, Group Medical Director, Apollo Hospitals. Reddy in his address called it "another major milestone" for the Apollo group which began with the opening of its first hospital in Madras (now Chennai) in 1983. "From day one, we have paid special attention to

Apollo Hospitals hits 52-wk high on talks to raise $200 mn; up 8% in 2 days

Apollo Hospitals is looking to sell around 5-6 per cent stake in Apollo HealthCo at an expected enterprise value of $2.5-$3 billion, said a report by The Economic Times

Sensex extends rally to 4th day, ends 123 pts higher; ITC, IT stocks shine

CLOSING BELL ON MAY 30, 2023: The NSE Nifty 50 gained 35 points at 18,634; while the Bank Nifty hit a fresh all-time high at 44,499.

Covid variant XBB.1.16 driving up cases in India, know its symptoms

Amid the spike in cases, the Union Health Ministry has alerted all the state governments to be prepared for rise in Covid cases

Apollo focusing on prevention to tackle the NCD crisis: Preetha Reddy

Strategy is to attract medical tourists by offering both medicinal systems at one place, says senior executive

India was world's No. 1 in handling Covid: Apollo Hospitals founder

In a Q&A, Prathap Chandra Reddy talks about the need to focus on medical tourism and medical education to meet the demand of 18 million professionals in the sector by 2030

Apollo Hospitals donates monitoring patches for Turkey earthquake victims

Apollo Hospitals collaborated with LifeSigns to donate 1,000 remote patient monitoring patches to support victims after last month's earthquake in southeast Turkiye and northern Syria, it said in a statement on Monday. These patches, manufactured by LifeSigns, can be used in settings where patients need close monitoring of vital signs, including cardiac rhythm. According to the statement, "They allow doctors to reliably monitor a patient's heart rate, ECG (electrocardiogram) rhythm, respiratory rate, temperature, and position, and can also be used to connect to oxygen saturation monitoring devices. "This will free up critical care beds for the sickest patients, and those who need care outside of hospitals or in the field can use the patches." Dr Sai Praveen Haranath of Apollo Hospitals said, "Apollo Hospitals stands ready to assist Turkiye in this hour of need to help with medical assistance and guidance from our entire critical care and sub-specialist teams..." The February 6 ...

Flipkart in talks to acquire Bengaluru-based e-pharma player Pharmallama

The deal may result in Flipkart gaining access to technologies of the platform, the people said on condition of anonymity

Apollo Hospitals Q3 results: Net profit declines 33% to Rs 153 crore

Revenue of existing hospitals grew 9 per cent, while the new hospitals grew by 8 per cent

Apollo Hospitals conduct 5G-based tech trial for colon cancer detection

Telecom operator Bharti Airtel and Apollo Hospitals have carried out India's first 5G driven, artificial intelligence guided trial to detect colon cancer, the telecom firm said on Thursday. The trial was conducted using AI on Airtel's 5G technology with ultra-low latency and high processing capabilities, as a result of which the colon cancer was detected much faster and with greater accuracy, it added. "At Airtel, we are geared up to lead this transformation and have demonstrated this by conducting India's first colonoscopy trials. Healthcare is one of the most promising use cases for 5G, and we are delighted to collaborate with Apollo Hospitals, AWS, HealthNet Global and Avesha," Airtel Business CEO and Director Ajay Chitkara said. HealthNet Global, AWS and Avesha were the other three companies that collaborated on this trial. The data was processed by Avesha edge inferencing applications on AWS platforms on real time basis, resulting in faster analysis. "AI assisted Colonoscopy

As Covid cases spike in China, experts ask Indians to stay vigilant

Dr Sangita Reddy, Managing Director, Apollo Hospitals, on Tuesday cautioned the government to act swiftly on policy regarding air travel to and from China

Apollo Hospitals Q2 net falls 20% to Rs 213 cr, income rises to Rs 4,274 cr

Apollo Hospitals on Thursday said its consolidated net profit declined 20 per cent to Rs 213 crore in the second quarter ended September. The healthcare major had reported a net profit of Rs 267 crore in the July-September period of previous fiscal. Total income increased to Rs 4,274 crore in the second quarter of the current fiscal as against Rs 3,723 crore in the year-ago period, Apollo Hospitals said in a regulatory filing. Shares of the company ended 1.8 per cent down at Rs 4,282.25 apiece on the BSE.

The health operator: Meet Sangita Reddy, Joint MD of Apollo Hospitals

Reddy talks to Pavan Lall about collective thinking, the power of the family constitution and why private healthcare is often misunderstood

Stocks to Watch: RIL, ONGC, OMCs, DLF, SpiceJet, Zee, BoB, Apollo Hospitals

Stocks to Watch Today: Shares of oil producers and marketing companies are likely to be in focus following the steep production cut by OPEC+.

Apollo Hospitals acquires 60% stake in Ayurveda hospital chain AyurVAID

Apollo Hospitals Enterprise Ltd on Wednesday said it has acquired a 60 per cent stake in leading classical Ayurveda hospital chain AyurVAID for a consideration of Rs 26.4 crore. The investment will be used to upgrade existing centres, set up new centres, strengthen enterprise platforms, and for digital health initiatives, the healthcare major said in a regulatory filing. Beginning with a revenue estimate of over Rs 15 crore for FY23 for AyurVaid, the target is to achieve Rs 100 crore in the next three years, it added. "We believe there is immense scope to deliver evidence-based integrated medicine, combining allopathic and traditional models, to improve outcomes and quality of life for our patients. This will be a transformational journey, which will lead to the evolution of care models in India and around the world," Apollo Hospitals Enterprise Chairman Prathap C Reddy stated. The Apollo-AyurVAID partnership will be a beacon of hope not just for Indian citizens, but for medical .

Analysts bullish on hospitals on expansion plans, recovery in non-Covid biz

Experts note that the transition of the sector to the asset-light model has significantly enabled it to use fewer funds for setting up hospitals, thus bringing significantly higher returns on equity

Q1 may be a blip for Apollo Hospitals; analysts see 25% upside

Analysts positive on the healthcare major with target prices ranging between Rs 5,000 - Rs 5,250