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While the lower-than-expected valuations assigned to Apollo HealthCo came as a negative surprise, analysts remain hopeful of reduced cash burn and rapid expansion for the Apollo Hospitals arm. ....
Shares of Apollo Hospitals Enterprise fell over 8 percent in intra-day trading today after the firm announced that it will raise ₹2,475 crore through private equity firm Advent International for its unit Apollo HealthCo. Investors expressed concern about the valuation assigned to Apollo 24/7. ....
Apollo 24/7 is part of Apollo HealthCo, a subsidiary of Apollo Hospitals. HealthCo also houses the pharmacy distribution business and a 25.5% interest in Apollo Pharmacy. It accounts for about 40% of Apollo Hospitals revenue. ....
Apollo Hospitals Enterprise, India s largest private healthcare group, expects its digital healthcare platform Apollo 24/7 to turn around in 6-8 quarters, led by healthy growth of gross merchandise value (GMV) or the total value of sales over a certain period of time. ....