Taxi-aggregator Uber on Tuesday announced a partnership with Apollo Hospitals to engage in a road-safety training programme for driver-partners in 29 cities across the country.
In a press release, the company stated that the hospital will equip Uber's 8000 drivers who have received a 'five-star' by customers, with first aid medical kits. It also stated that as a part of this partnership, the company has created a series of training videos on handling road accidents which will be provided in English and one regional language.
Apollo Health and Lifestyle (AHLL) a wholly-owned subsidiary of Apollo Hospitals Enterprise, focusing on retail healthcare segment, has raised R450 crore by selling 29% equity stake to World Bank arm International Finance Corporation (IFC) and IFC Asset Management Company.
This investment will fuel AHLL’s expansion plans and fulfill its vision of bringing healthcare of international standards within the reach of 20 million patients each year by 2020. Apollo Hospitals has invested R500 crore in AHLL and the fresh infusion of R450 crore from IFC would take care of its growth plans for the next 24 months.
NEW DELHI: Apollo HospitalsBSE 1.77 % today said its clinics subsidiary Apollo Health and Lifestyle has raised Rs 450 crore by selling 29 per cent equity stake to World Bank's arm IFC, to fund its growth plans.
Apollo Health and Lifestyle Ltd (AHLL) has received "investments of Rs 450 crore from International Finance Corporation (IFC) and IFC Asset Management Company. The investment will fuel AHLL's expansion plans", Apollo Hospitals Enterprise said in a BSE filing.
Apollo Hospitals Enterprise Ltd (AHEL) has said that the company has not cancelled its plans for rights issue to raise around Rs 750 crore, which it announced in May 2015, and is pending for government approval. The company, which is experiencing pressure on profit after tax due to higher investment, would see the profitability margins improving in two to three years, said senior management of the company.
Apollo Hospitals Group has signed an MoU with Hainan Ecological Smart City Group (HESCG), a Chinese industrial park developer and operator, to jointly develop a highly integrated modern health care service facility and systems in the Hainan province, where a smart city is being developed in China's largest special economic zone.
The smart city on the island of Hainan will have residential infrastructure for high quality, pollution free community living and the proposed hospital with medical, nursing and paramedical colleges would cater to not only the people of the Hainan province but also attract medical tourists from mainland China and other nations.
Apollo Hospitals is planning to invest around Rs 1,000 crore over the next two years. The healthcare major said this investment will help the company to add around 1,500 beds and will take overall bed capacity to over 10,500.
The company also said it is waiting for approval to raise Rs 750 crore through rights issue.
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