Monday 23 September 2013

Apollo Hospitals to raise $400 million via stake sale

In a bid to pare debt and build new hospitals, Apollo Hospitals is reportedly planning to mop-up $400 million through sale of around 51% to 75% stake in a business trust to overseas investors through listing on the Singapore Stock Exchange.

At present, the Apollo Hospitals group owns over 8,420 beds across 51 hospitals in India and overseas, 92 primary care and diagnostic clinics, 100 Telemedicine units across 10 countries.

Apollo Hospitals, is the leading private sector healthcare provider in Asia and owns and manages a network of speciality hospitals and clinics, a chain of Pharmacy retail outlets across the country, and provides Consultancy Services for commissioning and managing the Speciality Hospitals.

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