APOLLO HOSPITALS ENTERPRISE LTD
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BSE Code:
508869
NSE Code:
APOLLOHOSP
Business Profile
Business Profile
Apollo Hospitals Enterprise (APOLLOHOSP) is the leading private sector healthcare provider in Asia and owns and manages a network of specialty hospitals and clinics, a chain of pharmacy retail outlets across the country, and provides consultancy services for commissioning and managing the specialty hospitals. It was incorporated as a public limited company in the year 1979. Promoted by Dr. Prathap C. Reddy (executive chairman), it belongs to the Apollo Hospitals group that pioneered the concept of corporate healthcare delivery in India. Preetha Reddy is the managing director of the company.
Apollo Hospitals Enterprise has over 26 hospitals of which 14 are client hospitals managed by professionals deputed from Apollo. The management consultancy services division offers project and operations management consultancy services to clients varying from conceptualization to commissioning of a wide range of healthcare models. The company`s retail pharmacy business with a network of over 310 outlets offers a range of medicines, surgical and hospital consumables, health products and general over-the-counter products.
Subsidiaries include Unique Home Health Care, AB Medical Centers and Apollo Hospitals International. Lanka Hospitals is an associated company with a 350-bed capacity in Sri Lanka. In 2006, the company acquired Samudra Healthcare Enterprise and 51% of Imperial Cancer Hospital and Research Center. It entered into a JV with British American Investment (Mauritius) for setting up a multi-specialty hospital in Mauritius and launched India`s first exclusive healthcare center for women in Chennai. It is to get into medical tourism with Taj Hotels Resorts and Palaces and will set up tele-medicine centers in about 300 villages in Kutch.
The registered office is at No.19, Bishop Gardens. Raja Annamalaipuram, Chennai-600028, Tamil Nadu.
Financials
Apollo Hospitals Enterprise registered a 73.41% growth in net profit to Rs 300 million for the quarter ended June 2007 from a profit of Rs 173 million for the quarter ended June 2006.
Net sales quarter rose 22.39% to Rs 2,498 million for the quarter ended June 2007 from Rs 2,041 million for the quarter ended June 2006.
Total income rose 26.41% to Rs 2,594 million for the quarter ended June 2007 from Rs 2,052 million for the quarter ended June 2006.
The earnings per share (EPS) of the company stood at Rs 5.8 for the quarter ended June 2007.
Recent Developments
06-FEB-08
Apollo Hospitals has signed a MoU with US giant Tenet Healths. The pact seeks to be a unique exchange program between the two healthcare majors to learn and share best healthcare practices.
11-DEC-07
Apollo Health and Lifestyle (AHL) tied up with Times Private Treaties to boost clinic business models.