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Apollo Hospitals

From Wikipedia, the free encyclopedia
Not to be confused withApollo Global Management.
Indian hospital chain

Apollo Hospitals Enterprise Limited
Apollo Hospitals' Logo
Apollo Hospitals
Company typePublic
ISININE437A01024
IndustryHealthcare
Founded18 September 1983; 42 years ago (1983-09-18)[1]
FoundersPrathap C. Reddy[2]
HeadquartersChennai,Tamil Nadu,
India
Areas served
South Asia,Middle East
Key people
ProductsHospitals,pharmacy,diagnostic centres,home care
RevenueIncrease21,794 crore (US$2.6 billion) (2025)
Increase3,022 crore (US$360 million) (2025)
Increase1,446 crore (US$170 million) (2025)
Total assetsIncrease20,657 crore (US$2.4 billion) (2025)
Total equityIncrease8,652 crore (US$1.0 billion) (2025)
Number of employees
62,939 (2020)[3]
Websitewww.apollohospitals.comEdit this at Wikidata
Footnotes / references
Financials as of 31 March 2025[update].[4][5]

Apollo Hospitals Enterprise Limited is an Indian multinationalhealthcare group headquartered inChennai. It is the largestfor-profitprivatehospital network in India, with a network of 71 owned and managed hospitals.[6][7] Along with the eponymous hospital chain, the company also operatespharmacies,primary care anddiagnostic centres,telehealth clinics, anddigital healthcare services among others through its subsidiaries.[8]

The company was founded byPrathap C. Reddy in 1983 as the first corporate healthcare provider in India. Several of Apollo's hospitals have been among the first in India to receiveinternational healthcare accreditation by the America-basedJoint Commission International (JCI)[9][10] as well asNABH accreditation.[11]

History

[edit]

Apollo Hospitals was founded byPrathap C. Reddy in 1983 as the first corporate health care in India. The first branch at Chennai was inaugurated by the then President of IndiaZail Singh.[12]

Apollo developedtelemedicine services, after starting a pilot project in 2000 atAragonda, Prathap Reddy's home village.[13]

In 2006, Apollo exited its hospital inColombo calledApollo Hospital Sri Lanka by selling its stake toSri Lanka Insurance.[14] In 2007, Apollo Hospitals andDKV AG established a 74:26joint venture health insurance company called Apollo DKV Insurance Co.[15] The company was rebranded as Apollo Munich Health Insurance in 2009.[16]

In 2008, Apollo Hospitals started Apollo Reach, a chain of hospitals for Tier-2 and Tier-3 cities as well as semi-urban and rural areas, with the opening of the first Apollo Reach hospital inKarimnagar.[17][18]

In December 2012, Apollo Hospitals sold its 38% stake in Apollo Health Street, the group's healthcarebusiness process outsourcing division, to Sutherland Global Services for225 crore (US$42.11 million).[19]

In 2014, Apollo Hospitals acquired Hetero Med Solutions, a South Indian pharmacy chain with 320 stores, fromHetero Group for146 crore (US$23.92 million) in aslump sale. The stores were rebranded as Apollo Pharmacy.[20]

In October 2015, Apollo launched home care services under Apollo HomeCare[21] and its digital healthcare platform called Ask Apollo.[22]

Apollo signed anMoU withHealth Education England in April 2017 to provide a large number of doctors to fill vacancies in the EnglishNational Health Service.[23]

In September 2017, Apollo announced an academic collaboration with Australia’sMacquarie 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.[24]

In 2018, Apollo Hospitals opened their first hospital inKerala,Apollo Adlux Hospital, a 250-bedded tertiary care center as a joint venture with the Adlux group.[25][26]

In January 2019, Apollo opened Apollo Proton Cancer Centre in Chennai, which is reportedly the firstproton therapy facility acrossSouth Asia,Southeast Asia and theMiddle East.[27][28]

In 2020, Apollo Hospitals sold its 50.80% percent majority stake in Apollo Munich Health Insurance toHDFC for1,495 crore (US$201.76 million).[29] Later that year, it acquiredIHH Healthcare's 50% joint venture stake in Apollo Gleneagles Hospital in Kolkata for410 crore (US$55.33 million).[30]

In March 2022, Apollo Hospitals was included inNifty 50 benchmark index, replacingIndian Oil, and became the first hospital company to be included in the index.[31]

Subsidiaries

[edit]
Apollo Reach Hospital with Apollo Pharmacy in Karimnagar.
Apollo Reach Hospital with Apollo Pharmacy inKarimnagar.

Apollo HealthCo

[edit]

Apollo HealthCo was formed in 2021 with the merger of the group's non-hospital pharmacy chain Apollo Pharmacy and its digital healthcare business known as Apollo 24/7.[32]

  • Apollo Pharmacy – Apollo Pharmacy is the largest retail pharmacy chain in India with more than 5,000 stores in over 21 states.[33][34] It was started in 1987.[35]
  • Apollo 24/7 – Apollo 24/7 is thedigital healthcare platform of the group which was launched in 2020. It offerstelehealth consultation, online medicine ordering and delivery, and in-home diagnostics among other services.[36]

Apollo Health and Lifestyle

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Apollo Health and Lifestyle is theprimary andsecondary care arm of the group which operatesmulti-specialty clinics under Apollo Clinics,diagnostics andpathology labs under Apollo Diagnostics,diabetes clinics under Apollo Sugar,dental hospitals under Apollo White,dialysis centres under Apollo Dialysis,minimally invasive surgical hospitals under Apollo Spectra,women/children hospitals under Apollo Cradle, andfertility clinics under Apollo Fertility.[37][38]

Apollo TeleHealth Services

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Apollo TeleHealth Services owns thetelehealth network of the group, operating via abusiness-to-consumer model under which it offers direct services like online consultations, appointment booking, medicine delivery, among others; abusiness-to-business offering to corporates for their employees; and abusiness-to-government agreement providing telehealth services in partnership withpublic health systems.[39] Established in 1999, it is headquartered inHyderabad and has more than 100 franchised teleclinics.[40][41]

Research and education divisions

[edit]
A postal stamp issued in 2019 commemorating Apollo's Centre of Cardiology.

Controversies

[edit]

In 2016, a patient died at Apollo's Bilaspur Hospital during a treatment for stomach pain. While the hospital attributed his death to poisoning, the post-mortem report remained inconclusive pending a chemical analysis. The forensic laboratory report, obtained in 2019, revealed no presence of poison. Later in 2023, four doctors were arrested but subsequently released on bail.[45][46]

In a 2019 order, the Delhi State Consumer Disputes Redressal Commission (DSCDRC) found Indraprastha Apollo Hospital negligent in the treatment of a 24-year-old woman who died in 2007. As a result, the Commission directed the hospital to pay the woman's father a compensation of ₹10 lakh.[47]

British newspaperTelegraph in a December 2023 report[48] alleged that the chain's Indraprastha Apollo Hospital was involved in facilitating a "cash-for-kidney" racket, luring impoverished villagers from Myanmar to sell their kidneys to wealthy Burmese patients through forged documents and fabricated family ties.[49][50] TheGovernment of Delhi consequently initiated an investigation against the hospital.[51]

In March 2024, theNational Consumer Disputes Redressal Commission fined Apollo Speciality Hospital in Chennai and two doctors ₹30 lakh for medical negligence. The case involved a patient who did not regain consciousness after spinal surgery in April 2015 and remained in a vegetative state until his death in April 2017.[52]

In March 2025, theSupreme Court of India warned Indraprastha Apollo Hospital that it will direct theAll India Institute of Medical Sciences to take over if free treatment wasn't provided to poor patients in accordance with the original lease agreement, wherein 15 acres of prime land in Delhi was leased to Indraprastha Medical Corporation Limited by the Delhi Government for a symbolic rate of Re. 1 per month.[53]

See also

[edit]

References

[edit]
  1. ^"Apollo Hospitals gears up for new market realities, tweaks strategy".Business Today. 11 December 2012. Retrieved22 December 2023.
  2. ^ab"Our Experienced Management Team - Apollo Hospitals Group".Archived from the original on 2 July 2023. Retrieved22 December 2020.
  3. ^"Apollo Hospitals Enterprise Ltd. Financial Statements".moneycontrol.com.Archived from the original on 24 December 2020. Retrieved21 December 2020.
  4. ^"Earnings Update Q4 FY25"(PDF).NSE. Apollo Hospitals. Retrieved30 May 2025.
  5. ^"Audited Consolidated financial results for the quarter and year ended 3pt March 2025"(PDF).NSE. Apollo Hospitals. Retrieved30 May 2025.
  6. ^"A $2 Billion Health Empire Run by Four Sisters Makes a Comeback".Bloomberg. 20 November 2018.Archived from the original on 22 November 2018. Retrieved3 June 2023.
  7. ^"Apollo Hospitals Enterprise Limited — Investor Presentation December 2022"(PDF).Apollo Hospitals.Archived(PDF) from the original on 3 June 2023. Retrieved3 June 2023.
  8. ^Somvanshi, Kiran Kabtta (28 February 2022)."Apollo Hospitals adds to Nifty defensiveness".The Economic Times.Archived from the original on 26 March 2022. Retrieved26 March 2022.
  9. ^"Accreditation for 3 Apollo Hospital branches".The Hindu. 10 May 2006. Archived fromthe original on 28 June 2006. Retrieved11 November 2006.
  10. ^"Joint Commission International Organizations".JCI.Archived from the original on 14 August 2020. Retrieved21 June 2020.
  11. ^"Apollo Hospitals accreditation".NABH.Archived from the original on 2 July 2017. Retrieved8 June 2017.
  12. ^"Apollo Hospitals Enterprise Limited".www.ibef.org.Archived from the original on 28 May 2022. Retrieved28 May 2022.
  13. ^"Telemedicine puts AP village on health map".The Indian Express. 7 September 2005. accessed at"India Explained i.e. India empowered » an Exclusive Series".India Empowered. Archived fromthe original on 21 October 2006. Retrieved11 November 2006. 11 November 2006
  14. ^"Apollo exits Sri Lankan joint venture".Hindustan Times. 15 September 2006.Archived from the original on 2 July 2023. Retrieved2 June 2023.
  15. ^"Apollo Hospitals, DKV in health insurance JV".Business Standard.Archived from the original on 24 November 2022. Retrieved24 November 2022.
  16. ^"Apollo DKV rechristened".Business Standard.Archived from the original on 24 November 2022. Retrieved24 November 2022.
  17. ^"Apollo Hospitals to launch first Apollo Reach at Karimnagar".Business Standard. Retrieved7 April 2024.
  18. ^"Apollo plans Rs 270 crore expansion".Business Standard. Retrieved7 April 2024.
  19. ^"Sutherland beats Genpact to acquire Apollo's BPO arm".The Times of India.Archived from the original on 14 April 2022. Retrieved14 April 2022.
  20. ^"Apollo Hospitals acquires Hetero Pharmacy assets for Rs 146 cr".Business Standard. 17 September 2014.Archived from the original on 20 September 2018. Retrieved20 September 2018.
  21. ^"Apollo Hospitals forays into Homecare services".Business Line. 3 October 2015.Archived from the original on 26 October 2022. Retrieved26 October 2022.
  22. ^"Apollo goes digital, launches Ask Apollo for remote patient care".Deccan Herald. 14 October 2015.Archived from the original on 26 October 2022. Retrieved26 October 2022.
  23. ^"NHS to recruit Indian doctors to plug gaps in GP services".The Daily Telegraph. 7 April 2016.Archived from the original on 12 January 2022. Retrieved8 April 2016.
  24. ^"Apollo Hospitals, Macquarie ink academic collaboration".The Times of India. 8 September 2017.ISSN 0971-8257. Retrieved21 February 2024.
  25. ^"Apollo-Adlux joint venture for a hospital at Angamaly" – via The Economic Times – The Times of India.
  26. ^Service, Express News (12 October 2024)."Apollo Adlux Hospital excels in robotic surgery".The New Indian Express.
  27. ^"Apollo Hospitals launches proton cancer therapy centre".The Hindu Businessline. 24 January 2019.Archived from the original on 11 February 2023. Retrieved11 February 2023.
  28. ^"Apollo Proton Cancer Centre partners with IBA Belgium".The Times of India. 18 August 2022.Archived from the original on 11 February 2023. Retrieved11 February 2023.
  29. ^"HDFC completes majority acquisition in Apollo Munich Health Insurance".mint. 9 January 2020.Archived from the original on 26 March 2022. Retrieved26 March 2022.
  30. ^"Apollo to acquire IIH Healthcare stake in AGHL for Rs 410 crore".Business Standard. Retrieved22 December 2023.
  31. ^Somvanshi, Kiran Kabtta."Apollo Hospitals adds to Nifty defensiveness".The Economic Times.Archived from the original on 26 March 2022. Retrieved26 March 2022.
  32. ^"Apollo Hospitals launches healthcare platform Apollo HealthCo".The Hindu Business Line.Archived from the original on 24 July 2021. Retrieved26 March 2022.
  33. ^Babu, Gireesh (3 August 2012)."Apollo Pharmacy bets on large stores".Business Standard India.Archived from the original on 26 March 2022. Retrieved26 March 2022.
  34. ^"Pharma retail chain Apollo Pharmacy opens 5,000th store in Chennai".The New Indian Express.Archived from the original on 2 June 2023. Retrieved2 June 2023.
  35. ^"Apollo Pharmacy, India's largest retail pharmacy chain".Bio Voice. 2 April 2018.Archived from the original on 20 September 2018. Retrieved20 September 2018.
  36. ^"A healthy dose of digital for Apollo Hospitals".www.fortuneindia.com.Archived from the original on 26 March 2022. Retrieved26 March 2022.
  37. ^Chowdary, Sharath (25 March 2017)."Apollo Health and Lifestyle to invest Rs 500 cr in expansion".Business Standard India.Archived from the original on 26 March 2022. Retrieved26 March 2022.
  38. ^"Apollo Hospitals to raise up to Rs 750 crore to fund expansion".Business Standard India. 11 October 2015.Archived from the original on 26 March 2022. Retrieved26 March 2022.
  39. ^Babu, Gireesh (29 January 2020)."Apollo TeleHealth may see realigning of consumer-facing business".Business Standard India.Archived from the original on 26 March 2022. Retrieved26 March 2022.
  40. ^Jacob, Shine (10 December 2021)."Apollo TeleHealth sees Covid boost to telemedicine; gets new BSI approval".Business Standard India.Archived from the original on 26 March 2022. Retrieved26 March 2022.
  41. ^Somasekar, M. (21 January 2020)."Apollo TeleHealth signs MoU with TeleHealthcare Malaysia to set up 100 tele-clinics".www.thehindubusinessline.com.Archived from the original on 26 March 2022. Retrieved26 March 2022.
  42. ^abKrishnan, Gina (4 July 2018)."Apollo Hospitals' exosome technology detects brain cancer without biopsy".Business Standard India.Archived from the original on 14 April 2022. Retrieved14 April 2022.
  43. ^"NSDC to acquire 27% stake in Apollo Med Skills". The Economic Times. 18 May 2012. Archived fromthe original on 24 April 2016. Retrieved26 March 2022.
  44. ^"Apollo Medskills, NSDC tie up for training centres". The Hindu Business Line. 5 February 2013.Archived from the original on 7 July 2014. Retrieved26 March 2022.
  45. ^"7 years after patient's death, 4 docs held for 'negligence', given bail".The Indian Express. 31 December 2023. Retrieved7 January 2024.
  46. ^"Seven years after patient's death in Chhattisgarh, police arrest four doctors for negligence".The Hindu. 30 December 2023.ISSN 0971-751X. Retrieved7 January 2024.
  47. ^"Apollo Hospital asked to pay ₹10 lakh compensation to Delhi patient".mint. 26 July 2019. Retrieved7 January 2024.
  48. ^Lovett, Samuel; Theint, Nandi; Smith, Nicola (3 December 2023)."Revealed: Global private hospital group embroiled in 'cash for kidneys' racket".The Telegraph.ISSN 0307-1235. Retrieved7 January 2024.
  49. ^Jaiswal, Anuja (5 December 2023)."Top Delhi hospital part of kidney racket: UK daily".The Times of India.ISSN 0971-8257. Retrieved7 January 2024.
  50. ^https://www.livemint.com/news/india/centres-nodal-organ-transplant-agency-seeks-report-on-apollo-yatharth-hospital-kidney-racket-from-up-government-11720595986574.html[bare URL]
  51. ^Sadam, Rishika; Kalra, Aditya (6 December 2023)."New Delhi investigating alleged illegal transplants at Apollo hospital in city".Reuters. Retrieved7 January 2024.
  52. ^"Apollo Chennai, 2 Doctors Slapped With Rs 30 Lakh Fine For Medical Negligence".NDTV.com. Retrieved16 March 2024.
  53. ^"Apollo Hospital case: From Delhi HC asking it to treat EWS patients for free, to Supreme Court order now".indianexpress.com. 28 March 2025. Retrieved1 April 2025.

Further reading

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External links

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