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Apollo Hospitals plans to offer new financing options to patients
Posted on 3rd October 2018
As competition grows in the organised health care services, Apollo Hospitals, the largest player in the segment, plans to offer new financing options to patients in partnership with financial institutions and start-ups.

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. This is expected to help the company offer innovative, quick, and cost-effective patient-financing solution.

Apollo Hospitals gets shareholders’ nod to raise up to Rs 500 cr via NCDs
Posted on 29th September 2018
Healthcare major Apollo Hospitals Enterprise on Friday said it had received shareholders’ nod to raise up to Rs 500 crore through issuance of non-convertible debentures on a private placement basis.

The company was seeking approval from the shareholders to “offer or invite subscriptions for secured/unsecured redeemable non-convertible debentures

Apollo Hospitals gets shareholders' approval to issue Rs 5-billion NCDs
Posted on 28th September 2018
Apollo Hospitals, India's largest hospital chain, on Friday informed stock exchanges that its shareholders had approved its plan to raise Rs 5 billion via issue of non-convertible debentures (NCDs). The issue was taken up for discussion at the company’s 37th annual general meeting on Thursday.

The Prathap Reddy-led company had last month reported a strong 70.86 per cent year-on-year net profit growth during the quarter ended June 30 to Rs 601.6 million.

Apollo Hospitals slows down new bed addition, to add 765 beds in 5 years
Posted on 12th September 2018
Apollo Hospitals Enterprise Ltd (AHEL) is expected to add 765 beds through brownfield and green field in next five years across three hospitals, with an investment of Rs 6.2 billion. This step will help expand its overall network to 73 hospitals. The hospital chain, which added over thousand bed a year in the past, has last year announced that it would bring down the speed of building up infrastructure and look at consolidation and profitability.

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.

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