Apollo Hospitals

Rank#1777

Market Cap11.92B

CountryIndia

Summary

Apollo Hospitals Enterprise Limited, together with its subsidiaries, provides healthcare services in India and internationally. The company's healthcare facilities comprise primary, secondary, and tertiary care facilities. Its tertiary care hospitals provide advanced healthcare services; and specialties in cardiac sciences, oncology, neurosciences, orthopedics, emergency, robotic surgery, and transplants. The company also provides other services, such as project consultancy, health insurance, medical colleges, medvarsity for e-learning, and research services. In addition, it operates pharmacies, primary care clinics, birthing centers, specialized birthing centers, single specialty clinics, primary health centers and diagnostic chains, dental clinics, and daycare and home healthcare centers. The company's footprint includes 9,911 beds, 4,529 pharmacies, and 1,734 national retail healthcare centers, as well as Apollo 24/7, an end-to-end omni-channel healthcare platform and www.apollopharmacy, an online pharmacy. Apollo Hospitals Enterprise Limited was incorporated in 1979 and is based in Chennai, India.

History

It was founded by Prathap C. Reddy in 1983 as the first corporate health care in India. The first branch at Chennai was inaugurated by the then President of India Zail Singh.Apollo developed telemedicine services, after starting a pilot project in 2000 at Aragonda, Prathap Reddy's home village.In 2007, Apollo Hospitals and DKV AG established a 74:26 joint venture health insurance company called Apollo DKV Insurance Co. The company was rebranded as Apollo Munich Health Insurance in 2009.In December 2012, Apollo Hospitals sold its 38% stake in Apollo Health Street, the group's healthcare business process outsourcing division, to Sutherland Global Services for ?225 crore .In October 2015, Apollo launched home care services under Apollo HomeCare and its digital healthcare platform called Ask Apollo.Apollo signed an MoU with Health Education England in April 2017 to provide a large number of doctors to fill vacancies in the English National Health Service.In January 2020, Apollo Hospitals sold its 50.80% percent majority stake in Apollo Munich Health Insurance to HDFC for ?1,495 crore .In March 2022, Apollo Hospitals got included in Nifty 50 benchmark index, replacing Indian Oil, to become the first hospital company to be included on the index.

Mission

Apollo's vision for the next phase of development is to 'Touch a Billion Lives'.

Vision

Apollo's vision for the next phase of development is to 'Touch a Billion Lives'.

References

https://en.wikipedia.org/wiki/Apollo_Hospitals

https://in.investing.com/equities/apollo-hospitals

https://finance.yahoo.com/quote/APOLLOHOSP.NS/profile?p=APOLLOHOSP.NS

https://www.comparably.com/companies/apollo-hospitals

https://www.crunchbase.com/organization/apollo-hospitals-enterprise

https://companiesmarketcap.com/

https://www.apollohospitals.com