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
Any regulatory action, however, could offset gains from operational improvement
These platforms will help physicians provide patients with personalised, evidence-based cancer care
Operating performance and return ratios should improve through FY20
Apollo Hospitals' earnings were stable during the September quarter but it faced an incremental cost of Rs 35 crore
In the first half of the financial year, Apollo Hospitals has added 191 stores and closed five stores, for a net addition of 186 stores
The company is looking at overcoming some of these challenges through digital technologies and others
The hospital chain is expected to invest around Rs 300 crore during this year.