Corporate Intelligence  - ( 16/02/2025 To 22/02/2025  )

Apollo

Apollo Hospitals Enterprise Limited is an Indian hospital chain based in Chennai, India. It was founded by Prathap C. Reddy in 1983 as the first corporate healthcare provider in India. Several of the Apollo's hospitals have been among the first in India to receive international healthcare accreditation by the America-based Joint Commission International (JCI)  as well as 13 NABH National Accreditation Board for Hospitals & Healthcare Providers hospitals. In addition to providing hospitals, Apollo has developed services in telemedicine, after starting a pilot project in 2000 at Aragonda, Prathap Reddy's home village. Apollo signed an MoU with Health Education England in April 2017 to provide a large number of doctors to fill vacancies in the English National Health Service. In association with Adlux Angamaly, Apollo Hospitals established the Apollo Adlux Hospital in the city of Kochi, near Cochin International Airport. It was founded by Prathap C. Reddy in 1983 as the first corporate health care in India. The first branch at Chennai was inaugurated by the then President of India Zail Singh.

Services

Apollo Pharmacy

Apollo Pharmacy, a unit of Apollo Hospitals Enterprise, is India's first and largest branded pharmacy network, with over 3000 plus outlets in over 18 states. Apollo Pharmacy was started in 1987.

Hyderabad-based pharmacy chain Hetero Med Solutions Ltd (HMSL) was acquired by Apollo Pharmacy (Apollo Hospitals Enterprise Ltd) in 2014. HMSL had around 320 stores across Telangana, Andhra Pradesh and Tamil Nadu.

Apollo White Dental

Apollo White Dental is a brand owned by Alliance Dental Care which is a joint venture between Apollo Hospitals and Trivitron Healthcare, a medical technology and equipment provider in India. The dental chain has over 75 centers in 18 cities across India and 7-star dental Spas at six major cities in India.

Ask Apollo

In 2015, Apollo Hospitals introduced its digital platform, Ask Apollo. The platform provides remote healthcare services. The platform connects patients with doctors remotely and provides services like consultation with doctors via video, voice calls and email. Apollo developed the platform in partnership with the Hyderabad-based emergency and healthcare management services firm, HealthNet Global and Vidyo.

In July 2016, Apollo Hospitals and Airtel Africa signed a contract to launch Ask Apollo in Kenya.

In September 2017, Apollo announced an academic collaboration with Australia’s Macquarie University, where students enrolled in Macquarie's four-year graduate entry Doctor of Medicine program would complete 5 months of clinical rotations at Apollo hospitals in Hyderabad as part of their degree.

In January 2019, Apollo opened Apollo Proton Cancer Centre in Chennai, which is reportedly the first proton therapy facility across South Asia, Southeast Asia and the Middle East.

In 2020, Apollo Hospitals sold its 50.80% percent majority stake in Apollo Munich Health Insurance to HDFC for ?1,495 crore (US$201.76 million). Later that year, it acquired IHH Healthcare's 50% joint venture stake in Apollo Gleneagles Hospital in Kolkata for ?410 crore (US$55.33 million).

In March 2022, Apollo Hospitals got included in Nifty 50 benchmark index, replacing Indian Oil, to become the first hospital company to be included on the index.

Apollo Medskills

Apollo Medskills is a medical skills development institute in India that was set up in 2012 as joint venture between Apollo Hospitals and National Skill Development Corporation (NSDC) as part of setting up more than 40 training institutes across the country to train and upgrade the skills of hospital workforce across the country.

Google Health Snippets

Google has a partnership with Apollo Hospitals for medical information in its featured snippets.

Thyrocare

Thyrocare Technologies Limited is a chain of diagnostic and preventive care laboratories, based in Navi Mumbai. The company has 1,122 outlets and collection centers across India and parts of Nepal, Bangladesh and the Middle East.

On 26 June 2021, Indian e-pharmacy and online healthcare aggregator PharmEasy's parent API Holdings acquired a 66.1% controlling stake in Thyrocare, making Thyrocare the first Indian listed company to be acquired by a startup.

Thyrocare was started in 1996, by A. Velumani, ex-scientist at Bhabha Atomic Research Centre (BARC), Mumbai, Maharashtra. The first laboratory was set up in Byculla, Mumbai, with an initial focus on thyroid testing considering a huge potential for thyroid testing in India. The laboratory was later shifted to a larger set-up, its main headquarters and central processing laboratory at Navi Mumbai. The company introduced a franchisee model for procuring samples to be sent for testing at their central laboratory in Mumbai.

Thyrocare mainly deals with thyroid testing along with more than 200 tests and 50-odd profiles comprising different tests for preventive care and wellness under its brand, Aarogyam.

In 2010, Thyrocare raised its first private equity funding with INR 188 crore from New Delhi-based CX Partners for a 30% stake. It set up a subsidiary, Nuclear Healthcare Limited, which uses PET-CT to detect and locate cancerous cells.

In 2014, Siemens Healthcare's Diagnostic Division installed its world's largest laboratory automation track – Aptio Automation – at its laboratory in Mumbai. Thyrocare became the first laboratory in India to install this automation by Siemens.

In April 2016, Thyrocare made its initial public offering (IPO), and became the second diagnostic firm in India to be listed on BSE and NSE.

In 2021, PharmEasy parent API Holdings acquired a 66.1% stake in Thyrocare Technologies Ltd.

Manipal Hospitals

Manipal Health Enterprises, commonly known as Manipal Hospitals, is an Indian for-profit private hospital network headquartered in Bangalore, Karnataka. The hospitals trace their origins to the Kasturba Medical College, founded by T. M. A. Pai in 1953. Manipal Hospitals is the second largest healthcare provider in India, with a network of 33 hospitals. Manipal Hospitals is part of the Manipal Education and Medical Group.

In 1953 Dr. Tonse Madhav Ananth Pai founded Manipals Hospital. Dr. Pai was an Indian doctor, educationist and philanthropist awarded by Padma Shri by the Government of India in 1972. He also founded Manipal Education system and Kasturba Medical College, Manipal.

The first branch of Manipal Hospitals was started in 1991 in Bengaluru. The branch is a 600-bed Quaternary care facility and houses over 60 specialties. In 1997, Manipal Hospitals Mangalore was established, this 251-bed tertiary care hospital is named Kasturba Medical College, Manipal Hospital, which is India's first self-financing medical college.

In 2018, Former Indian cricketer, Rahul Dravid became the brand ambassador of Manipal Hospitals.

Manipal Hospitals used IBM Watson for Oncology in 2016. Watson is the first commercially available cognitive computing cloud platform that analyzes high volumes of data understands complex queries and proposes evidence based answers for them. Manipal Hospitals have become the first in the country and the second in the world to implement IBM Watson for Oncology, an AI technology for diagnosis and treatment of cancer.

In April 2019 Manipal Hospitals purchased Medanta Hospitals shares for Rs 5,800 crore.

In 2023, Temasek Holdings-backed Sheares Healthcare India acquired a 41% stake in Manipal Hospitals for about ?16,000 crore (US$2.0 billion), to increase its shareholding to 59% and become the controlling stakeholder in the hospital chain. The acquisition valued the hospital chain at around ?40,000 crore (US$5.0 billion).

In 2023, Manipal Hospitals acquired an 84% controlling stake in AMRI Hospitals for ?2,300 crore (US$290 million).

In April 2024, Manipal Hospitals acquired 87% stake in Medica Synergie Hospitals with ?1,400 crores investment.

  

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