Page 7 - Apollo Hospitals

Apollo Hospitals to seek shareholders' nod for hiving off pharmacy biz

Front end of the business to go to a separate firm, which will focus on achieving Rs 10,000 cr revenue and 30% ROCE within 5 years

Apollo Hospitals surges 5% after promoter announces stake reduction

The aim of the stake sale is to reduce the promoters' pledged shares in the company.

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Apollo Hospitals promoter group will issue 50 lakh shares to reduce stake

A combination of foreign and domestic institutional investors are expected to participate

Apollo Pharmacy aims to expand its private label business in next 3 years

Company officials said the private label business was 6.5 per cent of revenue last year and expected to be 7 per cent this year

From Apollo to Fortis, hospitals tap West Asia, Africa for new patients

Foreign patients help hospitals increase occupancy, improve cash flow, build brand profile overseas, and serve as a hedge against currency volatility

Improving execution to deliver healthy gains for Apollo Hospitals

Lower debt, divestments, and reduction of promoter pledge are other triggers

Apollo Hospitals sees older hospitals' Ebitda growing to 25% in 3-4 years

Promoters say the plan to reduce pledged shares in the firm to 50% in a few months is on track

Apollo Hospitals promoters look for partner to release pledged shares

The primary aim is to bring down our pledge over next one year, Suneeta Reddy, managing director of Apollo Hospitals Group said

The family will remain in control of Apollo Hospitals: AHEL's Suneeta Reddy

We have created a lot of digital content in the medical education space; we are looking to grow, she said

Family running Apollo Hospitals seeks investors, assets sale to pay debt

The aim is to reduce the Apollo shares pledged by the family as collateral to lenders, to 20 per cent of their total holding in the company from about 78 per cent now

Apollo Hospitals Enterprise's promoter pledging likely to hit 75%

Earlier, almost 74 per cent of the promoter shares were pledged to unwind a deal with private equity player KKR, raising concerns in the market.

Apollo Hospitals plans to reduce debt to Rs 2,500 crore by FY20-end

Apollo promoters would use the money from the stake sale to reduce their pledged shares to around 35-40 per cent, said a senior official from the company.

Shot in the arm for Apollo: New hospitals to inject profits, revenue grows

Improving performance in pharmacy business will also enhance overall show of Apollo Hospitals.

Apollo Hospitals may float Proton Cancer Centre as special purpose vehicle

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

Apollo Hospitals aims to reduce promoter group pledged shares by 50%

The promoters have already released around 10 per cent of their pledge

Apollo Hospitals eyes society clinics market, to start with southern states

The firm has tied up with ApnaComplex, an apartment management and security solution provider, to set up these society clinics

Apollo Hospitals looks at break-even for AHLL in next financial year

The management has said AHLL's revenue has been growing well

Apollo Hospitals to sell assets to reduce promoter pledged shares

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

Apollo Hospitals Q3 profit rises 29% to Rs 86 crore on higher revenues

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