Munich Re has sold shares worth Rs 380 crore in Apollo Hospitals. According to BSE bulk deal data, Munchener Ruckversicherungsgesellschaft Aktiengesellschaft in Munchen (Munich Re) sold 2,397,380 shares or 1.72 per cent...
SAIL partners with Apollo Hospitals for healthcare services to employees, their families
State-owned Steel Authority of India Ltd (SAIL) on Wednesday said it has tied up with Apollo Hospitals to provide healthcare services to its employees and their families amid the COVID-19 pandemic. Earlier, the company...
Private equity firm IG4 buys two Brazilian hospitals amid COVID pandemic
Brazilian private equity firm IG4 has spent 200 million reais ($38 million) on two recent deals to acquire hospitals through its recently formed OPY Health unit amid the coronavirus pandemic, according to people with...
Apollo Hospitals gets nod to exit insurance business, shares soar
Shares of Apollo Hospitals Enterprise Ltd surged on Thursday after the insurance regulator approved the hospitals group’s sale of 50.8% stake in its health insurance venture to Housing Development Finance Corp. Ltd...
Quadria Capital buys Samara’s 14% stake in AIG Hospitals
Healthcare-focused Asian PE fund Quadria Capital has acquired a minority stake in AIG Hospitals, Hyderabad based hospital group with over 1000 beds capacity and serving over 600,000 patients annually. Quadria has...
Apollo Hospitals eyes smaller acquisitions of up to Rs 300 crore
Healthcare major Apollo Hospitals on Wednesday said it wants to switch to an asset-light model which will focus on taking facilities on contracts and may go for smaller acquisitions of up to Rs 300 crore. The company...
Apollo Hospitals’ pharma business rejig gets CCI clearance
The Competition Commission on Monday said it has approved the restructuring of Apollo Hospitals Enterprise Ltd’s pharmacy business and its subsequent acquisition by certain investors. Apollo Hospitals Enterprise...
Apollo Hospitals’ Suneeta Reddy sells 3.6% stake in firm to reduce promoter-level debt
Apollo Hospitals Enterprise Ltd (AHEL) said its managing director, Suneeta Reddy, a member of the promoter family, has sold a 3.6% stake in the company to raise funds to trim promoter-level debt. Shares were sold to...
Private-equity funds bid for Philippine hospitals group – sources
Buyout firms such as KKR, Blackstone and CVC are competing to buy a stake in the hospital unit of Philippines’ Metro Pacific Investments Corp, people with knowledge of the matter said. Metro Pacific Investments, which...
Promoter pledge to halve once money from Apollo Munich stake sale comes in: Suneeta Reddy, Apollo Hospitals
Post the Munich deal, we will be at around 35% to 40% of the pledge. We hope to bring that down to about 20%, says Suneeta Reddy, MD, Apollo Hospitals. Excerpts from an interview with ET NOW. Post the stake sale in...
Apollo Hospitals looks to raise up to $200 mn by selling stakes in more units
Apollo Hospitals Group is looking to sell its stake in two more subsidiaries to raise up to $200 million, two people directly aware of the matter said on Thursday, a day after it agreed to sell its stake in a health...
Manipal Hospitals to buy Medanta in Rs 5,800 crore deal
The promoters of leading hospital chain Medanta have agreed to sell the business to Manipal Hospitals for Rs 5,800 crore, said two people aware of the development, ending negotiations that have lasted two years. Besides...