Page 9 - Apollo Hospitals

Apollo Hospitals to add over 2,000 beds in next three-year expansion plan

After crossing a target of total 10,000 beds capacity, Apollo Hospitals is gearing for next stage of expansion plan, which would see addition of around 2,000 beds. The hospital chain is in the final stage of its current three-year expansion plan, which is to add 2500 beds."I think Apollo doesn't sleep. It works round the clock and we are completing the three year plan of adding 2,500 beds now, which will be completed with the Proton Centre. But we will have another three year plan, we need more beds because of the huge problem of NCDs," said Prathap C Reddy, executive chairman, Apollo Hospitals Group.In the next stage, the company would have speciality beds for cardiology and cancer, would expand to other cities where it do not have presence and also to increase the beds in cities where it is already present in, he said."Investment for the present expansion is completely covered. When it comes for the next expansion, people are willing to give us money, they trust us," added Reddy. ..

Apollo Hospitals aims at better occupancy to boost growth, as Q4 net dips

With a decline in growth for the year 2016-17, Apollo Hospitals Enterprise Ltd (AHEL) is focusing on increasing its occupancy to improve growth. The hospital currently has an occupancy of 47 per cent and the plans are to increase the occupancy to 65 per cent by the end of current fiscal year, said senior management of the company. "The business plan this year is to see how we can improve our occupancy and fill in at least 400 more beds. We have a lot of vacant beds because of the new hospitals. First plan is to see how we can fill up the new beds and increase the occupancy from the current 47 per cent to around 65 per cent this year," said a senior official. The company has crossed a total capacity of over 10,000 beds last fiscal year, through aggressive expansion programmes.The first and second quarter of the fiscal year are usually good for the company and the company is expecting this to be true this fiscal year also. Last fiscal year, the overall growth was nine per cent and the ..

Apollo Hospital: Growth hinges on maturing hospitals, occupancies

With major capacity expansions behind it, margins to improve gradually

Apollo Hospitals family to form trust

Lawyers are working on the documents related to forming a trust and other legal formalities

Apollo Hospitals to restructure retail pharmacy business

Apollo Hospitals Enterprise Ltd (AHEL) is looking at restructuring its front end of the pharmacy retail business in order to bring down the foreign holding in retail below 51 per cent, as part of getting its pending Rs 750 crore rights issue approved by the authorities.The move comes as the Foreign Investment Promotion Board (FIPB) has been holding back its approval for the hospital chain to raise Rs 750 crore from the foreign investors. The FIPB has recommended the proposal to raise Rs 750 crore through rights issue from foreign investors to the Cabinet Committee on Economic Affairs (CCEA) for its consideration in in the meeting held on February 21, 2017, according to a latest announcement.The company has asked for a reasonable period of tiime to finalise and implement the proposed transfer of retail part of the pharmacy business of the company in compliance with FDI policy, according to an FIPB announcement.The foreign holding in AHEL is 55 per cent, which is because of the ...

Apollo Hospitals shares dip after IHH sells 6% stake

Share price of Apollo Hospitals declined by over 5 per cent on Friday after a report said that Malaysia-based sovereign fund Khazanah's arm Integrated Healthcare Holdings (Mauritius) (IHH) sold six per cent stake in the company. IHH already have invested into hospital sector in India other than the stake in Apollo Hospitals.The stock price has come down almost 5.31 per cent to Rs 1246 on Friday till 4 pm, as the news about a block deal to sell 6 per cent of its shareholding in Apollo Hospitals for $160 million.IHH held around 10.85 per cent equity share in Apollo Hospitals Enterprise Ltd (AHEL), till the end of December 2016. A potential exit from AHEL may help IHH to infuse more money into its own hospital business in India. It has acquired around 73.4 per cent stake in Global Hospitals in August 2015, for $195 million. "They (IHH) are looking at India at a much bigger play now, and with a Rs 1,800 crore valuation at present, selling the 11 per cent share in AHEL could help them to ..

With Navi Mumbai facility, Apollo Hospitals aims at international patients

The company expects its international patients business to grow by 20% every year

Apollo Hospitals plans to add value to existing clinics

Apollo Hospitals plans to add 300 pharmacies in the next one year

We are open to investing in health care start-ups: Sangita Reddy

Apollo Health and Lifestyle raised Rs 450 crore by diluting a 29 per cent stake to IFC this week

Apollo Hospitals in expansion mode; to invest Rs 1,400-crore

The company is all set to come up with the modern Proton therapy at its Chennai facility for the treatment of cancer patients

Apollo Hospitals Q2 net profit up 3% at Rs 92 crore

Navi Mumbai hospital to be commissioned on November 14

Apollo Hospitals Q2 net up 3 per cent at Rs 92 crore

Apollo Hospitals Enterprise was trading at Rs 1,270.50 per scrip in the afternoon trade on BSE

Apollo Hospitals awaiting triggers

Meaningful recovery in margins, benefits from biz restructuring will take some time to show

Apollo Hospitals restructuring panel recommendations in a year: Suneeta Reddy

The company expects restructuring would help it to be future ready and improve flexibility

Apollo Hospitals Q1 profit falls 17.5% to Rs 72 crore

Shares of the company ended at Rs 1,357.70, up 0.66 per cent on BSE

Haven't given up on rights issue, says Apollo CFO

The proposal to raise around Rs 750 cr, announced in May 2015, awaits FIPB approval

Apollo Hospitals to invest Rs 1,200 crore in oncology unit

ACI is focused on three pronged strategy of prevention, early detection and treatment, Preetha Reddy, Executive Vice-Chairperson, Apollo Hospitals Group said

Apollo converts cancer facilities into independent functional entity

Apollo Cancer Institutes in Chennai, Hyderabad, New Delhi, Kolkata, Ahmedabad, Bilaspur, Bengaluru and Madurai are part of this new initiative

Apollo Hospitals signs MoU with Stanford University

Tie-up formed for studying causes related to cardiovascular risk among diabetics and pre-diabetics in South Asia

Apollo Hospitals: Margin pressure overhang

Expansion-led strategy is positive; profit gains will be capped as new hospitals take time to break even