Apollo Hospitals launches healthcare platform Apollo HealthCo

Apollo Hospitals (AHEL) announced on Wednesday the creation of India’s largest omni-channel healthcare platform called “Apollo HealthCo” by integrating online and offline pharmacies and telemedicine businesses through a slump sale.

With the reorganization, Apollo Hospitals will have back-end offline pharmacy business (excluding hospital-based pharmacies), digital healthcare platform Apollo 24/7, investment in retail pharmacy business (Apollo Medicals Private Ltd), and “Apollo 24 / The 7 ”brand, the Apollo Pharmacy brand, and the Private Label brand are incorporated into Apollo HealthCo Limited, a wholly owned subsidiary of the Healthcare Group.

“We continue to grow our offline pharmacy business to 5,000 stores, 18-20% Over the next three years, “the company said in a statement.

In addition, the digital healthcare platform Apollo 24/7 demonstrates the ability to deliver medicines within two hours with the best drug availability with over 10,000 PIN codes.

Already India’s most profitable remote consultation platform, Apollo 24/7 continues to grow rapidly with an “asset light approach”, aiming to reach 100 million registered users in five years.

“As the first adopter of modern healthcare, the Apollo Hospital Group is in the best position to be at the forefront of this transformation. This omni-channel approach has served more than 2.7 billion people in the last 500 days. We were able to provide, “said Shobana Kamini, Vice Chairman of AHEL, in a statement.

“This proposed restructuring sets up a platform for leveraging a new pool of investor capital that will enable rapid scale-up of digital healthcare platforms,” ​​said the healthcare major. AHEL will receive a majority stake in AHL and consideration for a slump sale of Rs 1,210. “

Meanwhile, Apollo Hospital reported a consolidated net profit of Rupees 169.9 Q4FY21 chlore against net profit of Rs 209.6 Crore in the quarter a year ago.

Consolidated total revenue decreased to 2 rupees.888.4 In the fourth quarter of 2009, against 2 rupees926.4 Q4 FY20 crore.

Apollo Hospitals Announces Healthcare Platform Apollo HealthCo. Jioforme