apollo: Apollo Hospitals: all bulked up for its next phase of expansion,yet conservative on acquisitions

Apollo Hospital in Mumbai, India.


Strong financial and operational performance marked the last five years, a consolidation phase for the company. While the robust balance sheet will provide Apollo with a headstart in the next expansion cycle, it is careful not to go overboard while exploring inorganic-growth options. Besides, its digital platform, Apollo 24/7, is a challenging work in progress.

The hospital sector in India is heated up. Stocks are trending high, private-equity money is flowing in, and large hospital chains are on an expansion spree, aggressive to gain market share and dominance. According to a report by ratings agency Icra, private-equity investment has ramped up in the industry, with deals worth over INR27,000 crore in the last two years. Hospital chains such as Manipal Health and Max Healthcare have been eyeing

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