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Apollo Hospitals surges 15% on strong Q1 results
Posted on 13th August 2018
Shares of Apollo Hospital Enterprises (AHEL) have surged 15% to Rs 1,087 per share on the BSE after the company posted a strong 70.86% year on year growth in net profit at Rs 601.6 million during the quarter ended June 30, 2018 (Q1FY19). It had a profit of Rs 352.1 million during the same period last year.

Apollo Hospitals expects healthy rivalry from IHH's Fortis Healthcare bid
Posted on 11th August 2018
Apollo Hospitals Enterprise (AHEL) has said Malaysian group IHH Healthcare’s acquisition of Fortis Healthcare would create a healthy competition, clarifying it is very early to say whether it would end the 50: 50 Apollo Gleneagles Hospitals (Kolkata) joint venture with IHH Healthcare.

Apollo Hospitals, Aster DM, Narayan Health initial bidders for Seven Hills hospitals
Posted on 29th May 2018
MUMBAI: India’s largest hospital chain Apollo, Dubai-based Aster DM and Bengaluru-based Narayan Health in partnership with the Piramal group have emerged as the early bidders for the acquisition of the assets of Seven Hills hospitals. Some of these players have put in their expression of interest with the resolution professional for possession of the two hospitals that are in Mumbai and Vishakhapatnam, according to people directly involved in the bidding process.

Apollo Hospitals joins hands with IBM Watson for cancer treatment
Posted on 22nd May 2018
Apollo Hospitals on Tuesday adopted IBM's cognitive computing platform Watson for Oncology and Genomics in 10 of its cancer care hospitals.

These platforms will help physicians provide patients with personalised, evidence-based cancer care.

All CCTV cameras were switched off during Jayalalithaa's stay, says Apollo Hospitals chairman
Posted on 22nd March 2018
The CCTV cameras of the Apollo hospital's ICU ward in Chennai were switched off during the time late AIADMK chief J Jayalalithaa was admitted there, the group's chairman Dr Prathap C Reddy said today.

"Unfortunately they (CCTVs) were switched off. Jayalalithaa got admitted and one ICU was completely occupied only by her.

Apollo Hospitals signs MoU with IBM to establish a $50 million – $100 million fund for healthcare startups
Posted on 26th February 2018
Apollo Hospitals has signed a Memorandum of Understanding (MoU) with IBM to invest in healthcare startups. The fund will also help create an onco-diagnostics system. The corpus of the fund will be between $50 million – $100 million. Apollo Hospitals plans to work as an accelerator, which will provide an investment of $5 million at first and then later bolster another $10 million.

Apollo Hospitals hits 34-month low
Posted on 17th August 2017
Apollo Hospitals Enterprise has slipped 7% to Rs 1,069, its lowest level since October 23, 2014 on BSE, in an otherwise firm market.

The National Pharmaceutical Pricing Authority (NPPA) on Wednesday fixed the price for primary knee replacement of titanium alloy at Rs 38,740 while the price for revision knee replacement of any material was pegged at Rs 62,770.

Apollo Hospitals looks at acquisition in North and West
Posted on 16th August 2017
Apollo Hospitals Enterprise Ltd (AHEL), India's largest healthcare provider by market value, is considering the acquisition of small hospitals in northern and western parts of India.

The company, which has been pursuing plans for the rights issue of around Rs 750 crore, said that it would look at other modes of fund raising also if the approvals for the rights issue is not coming by in next six months.

Apollo, RMS launch cell therapy for orthopaedic patients
Posted on 19th June 2017
Apollo Hospitals has tied up with biotechnology firm Regenerative Medical Services (RMS) to launch cell therapy for bone and cartilage defects. The companies, however, did not share the financial details of the partnership. The two cell therapy products – Ossron and Chondron – will address the unmet clinical needs in the bone and cartilage treatments respectively, the companies said. As part of the pact, the treatment will be made available across all Apollo Hospitals within next six months.

Apollo Hospitals seeks to prop up falling occupancy to boost growth
Posted on 7th June 2017
Apollo Hospitals Enterprise (AHEL) is focusing on increasing its occupancy to improve growth, which declined in the financial year (FY) 2016-17. The hospital has set the target of achieving 65 per cent occupancy by the end of the current FY from the 47 per cent occupancy at present, said senior management of the company.

AHEL had posted a 40.7 per cent fall in profit at Rs 48.16 crore in the fourth quarter of the FY17 as compared to Rs 81.31 crore for the same period of the previous FY on a standalone basis.

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