Apollo Hospitals Enterprise has had a dream run, what with an impressive financial performance helped by strong growth in mature clusters as well as its new hospitals. A dominant player in the Indian healthcare industry, it currently has 52 hospitals with a total bed capacity of 8,513 beds. Of these, 37 are fully-owned hospitals with an aggregate of 5,888 beds (utilisation of over 70 per cent in the first half of the year).

In a few years, Apollo plans to have tertiary hospitals in eight Tier I cities even as it executes its ongoing expansion drive across Tier II/III cities — expects to add 2,860 beds in a couple of years. It plans to fund these through a mix of qualified institutional placement of Rs 330 crore and warrant conversion for about Rs 200 crore besides internal accruals and debt. What has also fashioned the company's growth story is its diversification into pharmacy, insurance, and medical education.

Apollo is the largest player in the organised pharmacy business, and boasts of a network of 1,257 centres. The business contributes to roughly a fourth of its consolidated revenues. Union Cabinet nod to FDI in retail would help Apollo fast track its growth in this business. Besides, it will free up funds for its other expansion plans.

(This article was published on December 3, 2011)
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