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Apollo Hospitals

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Apollo Hospitals Enterprise Limited
Apollo Hospitals
Company typePublic
ISININE437A01024
IndustryHealthcare
Founded1983; 41 years ago (1983)
FoundersPrathap C. Reddy[1]
HeadquartersChennai, Tamil Nadu,
India
Areas served
South Asia, Middle East
Key people
ProductsHospitals, pharmacy, diagnostic centres, home care;
RevenueIncrease ₹14,670 crore (US$1.8 billion) (FY22)[2]
Increase ₹1,584.41 crore (US$190 million) (FY22)[2]
Increase ₹1,055.60 crore (US$130 million) (FY22)[2]
Total assetsIncrease ₹11,338 crore (US$1.4 billion) (2020)[2]
Total equityIncrease ₹3,266 crore (US$390 million) (2020)[2]
Number of employees
62,939 (2020)[2]
Websitewww.apollohospitals.com

Apollo Hospitals Enterprise Limited is an Indian multinational healthcare group headquartered in Chennai. Along with the eponymous hospital chain, the company also operates pharmacies, primary care and diagnostic centres, telehealth clinics, and digital healthcare services among others through its subsidiaries.[3]

The company was founded by Prathap C. Reddy in 1983 as the first corporate healthcare provider in India. Several of Apollo's hospitals have been among the first in India to receive international healthcare accreditation by the America-based Joint Commission International (JCI)[4][5] as well as NABH accreditation.[6]

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.[7]

Apollo developed telemedicine services, after starting a pilot project in 2000 at Aragonda, Prathap Reddy's home village.[8]

In 2007, Apollo Hospitals and DKV AG established a 74:26 joint venture health insurance company called Apollo DKV Insurance Co.[9] The company was rebranded as Apollo Munich Health Insurance in 2009.[10]

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 (US$42.11 million).[11]

In October 2015, Apollo launched home care services under Apollo HomeCare[12] and its digital healthcare platform called Ask Apollo.[13]

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.[14]

In January 2020, Apollo Hospitals sold its 50.80% percent majority stake in Apollo Munich Health Insurance to HDFC for ₹1,495 crore (US$180 million).[15]

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.[16]

  • Apollo Proton Cancer Centre, Chennai
    Apollo Proton Cancer Centre, Chennai
  • Indraprastha Apollo Hospital, Delhi
    Indraprastha Apollo Hospital, Delhi
  • Apollo Cancer Hospital & Research Centre, Bangalore
    Apollo Cancer Hospital & Research Centre, Bangalore
  • Apollo Hospitals, Visakhapatnam
    Apollo Hospitals, Visakhapatnam
  • Apollo Hospitals, Dhaka
    Apollo Hospitals, Dhaka

Subsidiaries

Apollo Reach Hospital with Apollo Pharmacy in Karimnagar.
Apollo Reach Hospital with Apollo Pharmacy in Karimnagar.

Apollo HealthCo

Apollo HealthCo was formed in 2021 with the merger of the group's non-hospital pharmacy chain Apollo Pharmacy and its digital healthcare business known as Apollo 24/7.[17]

  • Apollo Pharmacy – Apollo Pharmacy is the largest retail pharmacy chain in India with more than 4000 outlets in over 21 states.[18][19] It was started in 1987.[20]
  • Apollo 24/7 – Apollo 24/7 is the digital healthcare platform of the group which was launched in 2020. It offers telehealth consultation, online medicine ordering and delivery, and in-home diagnostics among other services.[21]

Apollo Health and Lifestyle

Apollo Health and Lifestyle is the primary care arm of the group which operates multi-specialty clinics under Apollo Clinics, diagnostics and pathology labs under Apollo Diagnostics, diabetes clinics under Apollo Sugar, dental hospitals under Apollo White, dialysis centres under Apollo Dialysis, surgical hospitals under Apollo Spectra, women/children hospitals under Apollo Cradle, and fertility clinics under Apollo Fertility.[22][23]

Apollo TeleHealth Services

Apollo TeleHealth Services owns the telehealth network of the group, operating via a business-to-consumer model under which it offers direct services like online consultations, appointment booking, medicine delivery, among others; a business-to-business offering to corporates for their employees; and a business-to-government agreement providing telehealth services in partnership with public health systems.[24] Established in 1999, it is headquartered in Hyderabad and has more than 100 franchised teleclinics.[25][26]

Research and education divisions

A postal stamp issued in 2019 commemorating Apollo's Centre of Cardiology.

References

  1. ^ a b "Our Experienced Management Team - Apollo Hospitals Group".
  2. ^ a b c d e f "Apollo Hospitals Enterprise Ltd. Financial Statements". moneycontrol.com.
  3. ^ Somvanshi, Kiran Kabtta (28 February 2022). "Apollo Hospitals adds to Nifty defensiveness". The Economic Times. Retrieved 26 March 2022.
  4. ^ "Accreditation for 3 Apollo Hospital branches". The Hindu. 10 May 2006. Archived from the original on 28 June 2006. Retrieved 11 November 2006.
  5. ^ "Joint Commission International Organizations". JCI. Retrieved 21 June 2020.
  6. ^ "Appolo Hospitals accreditation". NABH.
  7. ^ "Apollo Hospitals Enterprise Limited". www.ibef.org. Retrieved 28 May 2022.
  8. ^ "Telemedicine puts AP village on health map". The Indian Express. 7 September 2005. accessed at "India Explained i.e. India empowered » an Exclusive Series". Inia Empored. Archived from the original on 21 October 2006. Retrieved 11 November 2006. 11 November 2006
  9. ^ "Apollo Hospitals, DKV in health insurance JV". Business Standard. Retrieved 24 November 2022.
  10. ^ "Apollo DKV rechristened". Business Standard. Retrieved 24 November 2022.
  11. ^ "Sutherland beats Genpact to acquire Apollo's BPO arm". The Times of India. Retrieved 14 April 2022.
  12. ^ "Apollo Hospitals forays into Homecare services". Business Line. 3 October 2015. Retrieved 26 October 2022.
  13. ^ "Apollo goes digital, launches Ask Apollo for remote patient care". Deccan Herald. 14 October 2015. Retrieved 26 October 2022.
  14. ^ "NHS to recruit Indian doctors to plug gaps in GP services". The Daily Telegraph. 7 April 2016. Archived from the original on 12 January 2022. Retrieved 8 April 2016.
  15. ^ "HDFC completes majority acquisition in Apollo Munich Health Insurance". mint. 9 January 2020. Retrieved 26 March 2022.
  16. ^ Somvanshi, Kiran Kabtta. "Apollo Hospitals adds to Nifty defensiveness". The Economic Times.
  17. ^ "Apollo Hospitals launches healthcare platform Apollo HealthCo". The Hindu Business Line. Retrieved 26 March 2022.
  18. ^ Babu, Gireesh (3 August 2012). "Apollo Pharmacy bets on large stores". Business Standard India. Retrieved 26 March 2022.
  19. ^ "Apollo Pharmacy opens 3,000th outlet". Business Standard. 31 March 2018.
  20. ^ "Apollo Pharmacy, India's largest retail pharmacy chain". Bio Voice. 2 April 2018.
  21. ^ "A healthy dose of digital for Apollo Hospitals". www.fortuneindia.com. Retrieved 26 March 2022.
  22. ^ Chowdary, Sharath (25 March 2017). "Apollo Health and Lifestyle to invest Rs 500 cr in expansion". Business Standard India. Retrieved 26 March 2022.
  23. ^ "Apollo Hospitals to raise up to Rs 750 crore to fund expansion". Business Standard India. 11 October 2015. Retrieved 26 March 2022.
  24. ^ Babu, Gireesh (29 January 2020). "Apollo TeleHealth may see realigning of consumer-facing business". Business Standard India. Retrieved 26 March 2022.
  25. ^ Jacob, Shine (10 December 2021). "Apollo TeleHealth sees Covid boost to telemedicine; gets new BSI approval". Business Standard India. Retrieved 26 March 2022.
  26. ^ Somasekar, M. (21 January 2020). "Apollo TeleHealth signs MoU with TeleHealthcare Malaysia to set up 100 tele-clinics". www.thehindubusinessline.com. Retrieved 26 March 2022.
  27. ^ a b Krishnan, Gina (4 July 2018). "Apollo Hospitals' exosome technology detects brain cancer without biopsy". Business Standard India. Retrieved 14 April 2022.
  28. ^ "NSDC to acquire 27% stake in Apollo Med Skills". The Economic Times. 18 May 2012.
  29. ^ "Apollo Medskills, NSDC tie up for training centres". The Hindu Business Line. 5 February 2013.

Further reading

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