BAJAJ BROKING
Apollo HealthCo, a subsidiary of Apollo Hospitals Enterprise Ltd, has signed a deal with private equity firm Advent International to raise ₹2,475 crore. Advent will acquire a 12.1% stake in Apollo HealthCo, valuing it at ₹22,481 crore. The merger of Keimed Pvt Ltd and Apollo 24/7 under Apollo HealthCo aims to integrate the supply chain and achieve ₹25,000 crore revenue in three years.
Apollo HealthCo secures ₹2,475 crore investment from Advent International, acquiring a 12.1% stake, valuing the entity at ₹22,481 crore. The merger of Keimed Pvt Ltd and Apollo 24/7 is planned under Apollo HealthCo, subject to corporate approvals.
Additional Read: Apollo Hospitals Enterprise Ltd
Post-merger, the combined entity targets ₹25,000 crore in revenue in three years with an EBITDA of 7-8%. The integration aims to streamline the supply chain and enhance operational efficiency to drive strategic growth.
Additional Read: Share Market News
Apollo HealthCo's portfolio encompasses a diverse range of healthcare services. Launched in 2020, Apollo 24/7, the digital healthcare platform, boasts a substantial user base exceeding 33 million individuals.
This digital presence, coupled with a robust offline pharmacy distribution network, comprising over 6,000 pharmacies across 1,100 cities, positions Apollo HealthCo as a formidable player in the healthcare landscape.
The partnership between Apollo HealthCo and Advent International combines strategic planning and financial backing. This infusion of capital will fuel Apollo HealthCo's growth, helping it become a key player in India's healthcare sector, meeting the needs of millions.
Sources:
https://www.livemint.com/companies/company-results/q4-results-today-ultratech-cement-pnb-housing-poonawalla-fincorp-among-35-companies-to-report-q4-earnings-on-april-29-11714314666296.html
https://www.cnbctv18.com/business/companies/advent-international-to-invest-rs-2475-crore-in-apollo-hospitals-arm-19403102.html
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Nerolac Paints Q2 Results FY24-25 Highlights
07 Nov, 2024 | 2 Min. read
Trent Q2 Results FY24-25 Highlights
07 Nov, 2024 | 2 Min. read
RVNL Secures ₹5,000 Cr BSNL Project as Lowest Bidder
07 Nov, 2024 | 2 Min. read
MSCI November 2024 Review: New Additions Announced
07 Nov, 2024 | 2 Min. read
Commodities Market Today | Crude Oil, Gold, and Silver Prices Decline in Latest Drop
07 Nov, 2024 | 1 Min. read
Share Market Today | Gift Nifty Hints At Flat To Negative Start, Range-Bound
07 Nov, 2024 | 4 Min. read
Rosa Power Achieves Zero-Debt Status with ₹485 Cr Prepayment
07 Nov, 2024 | 2 Min. read
Gold Rate Today | Gold Rises 0.3% To $2,753.70; Silver Up 0.6% To $32.79
07 Nov, 2024 | 2 Min. read
Maruti Suzuki Aims for Export Surge with New Dzire
07 Nov, 2024 | 2 Min. read
OSEL Devices IPO Price, Analysis, Objective & How to Apply
07 Nov, 2024 | 1 Min. read
Corrtech International IPO Price, Date, Analysis & How to Apply
07 Nov, 2024 | 1 Min. read
Rosmerta Digital Services IPO: Objective & How to Apply Process?
07 Nov, 2024 | 1 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading