Apollo To Acquire Imperial Hospital's Research Centre
Apollo Hospitals Enterprise Limited is acquiring remaining stake in Imperial Hospital and Research Centre from Imperial Hospital.
In 2005, Apollo hospitals invested R30Cr for 51% in the Bangalore -based hospital-cum-research centre.
Recently, Apollo hospitals bought 39% in the hospital-cum-research centre for R90Cr to increase its total shareholding to 90%.
Imperial Hospital was incorporated in 1991 as imperial Cancer Hospital and Research Centre, promoted by Los Angeles based Doctor Nisar Syed and Ziaulla Sheriff. Imperial Hospitals is currently a 280-bed-tertiary-care facility focusing on the number of specialties.
Apollo hospital is planning to increase the bed count by 500 in the research centre.
Apollo hospitals owns partially/fully around 10 subsidiaries which includes Unique Health Care limited, AB Medical centres, Samudra Healthcare Enterprises Limited, Apollo Hospitals (UK), Pinakini Hospitals limited,
Imperial Hospital and research Centre among others.
Chennai-based Apollo's current bed strength is 8,717 across 54 hospitals within and outside India.
Recently, Apollo Hospitals formed JV - WHITE Dental Care, a dental clinic with Trivitron Healthcare.Apollo hospitals raised $60Mn from IFC and also raised R300Cr through QIP.
In the space, Government of Singapore Investment Corporation(GIC) invested $100Mn in Vasan Health Care Pvt Ltd for a minority stake, GTI Group owned Nova Medical Centers acquired Chennai based Helios Hospitals and South Africa based hospital chain - Life Healthcare acquired 26% stake in Max Healthcare for R516.5Cr
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|154/ 11, Opp. IIM, Bannerghatta Road, Belakahalli.||http://www.imperialhospitalindia.com|
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