Apollo Hospitals subsidiary secures $300m capital from Advent International

Apollo HealthCo has also entered a framework agreement to merge with Keimed Private Limited.

Apollo Hospitals Enterprise Limited (AHEL) subsidiary, Apollo HealthCo Limited, has entered a binding agreement to raise equity capital of almost $300m (INR 2,475 Crores) from private equity investor, Advent International.

This move allows the company to build and scale an integrated, omni-channel healthcare ecosystem in India.

In line with this, the subsidiary has entered a framework agreement to merge with Keimed Private Limited in phases over the next 24 to 30 months.

ALSO READ: India spurs healthcare digitalisation with Ayushman Bharat Digital Mission

“Our mission has been to deliver high-quality healthcare to all Indians, at an affordable cost, and with a high degree of reliability and trust.” Prathap Reddy, Chairman, of Apollo Hospitals Group, said.

“With Advent’s investment and the merger of Keimed, the combined entity will be one of the country’s leading retail health companies,” Reddy added.

Also Read

Blood-based tests show potential for early Alzheimer’s detection

UAE’s healthcare ecosystem to be valued at $50b by FY2029

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit