Apollo Hospitals plans to focus on lifting volumes, cost optimisation, and expanding international patient base. These steps, aimed at improving occupancy levels should also drive earnings growth.
Apollo Hospitals will reach its occupancy target by reducing its reliance on institutional patients and increasing focus on international patients, recruitment of more doctors and improving the payor mix.
The diagnostics and retail health and the digital health and pharmacy distribution verticals reported a combined loss of Rs 107.3 crore in the third quarter, mainly due to discounts offered to onboard customers.
Apollo Hospitals is planning to aggressively open new pharmacies, said Suneeta Reddy, MD, Apollo Hospitals.
The company has incubated many businesses and its Chennai cluster saw 2 percent growth this quarter, says Suneeta Reddy, MD , Apollo Hospital.
In 2014, public shareholders of several firms like Yes Bank, Siemens, Apollo Hospitals Enterprises, United Spirits, IVRCL, JSW Holdings and Adani Ports & SEZ voted against some proposals made by the firms, according to proxy advisory firm InGovern.
The acquisition of Assam Hospitals Ltd, that runs a hospital in Guwahati, would be for an overall consideration not exceeding Rs 57.25 crore, Apollo Hospitals said.
Suneeta Reddy, MD, Apollo Hospitals gives her take on the company‘s performance in the December quarter. She says revenues grew 19 percent, while healthcare services clocked 12 percent growth.
Margins of the pharmacy business that contributes 30 percent to total volumes improved by 0.1%, said Suneeta Reddy of Apollo Hospitals.
In an interview to CNBC-TV18, Suneeta Reddy, joint managing director of Apollo Hospitals spoke about the company‘s second quarter performance and road ahead.
In an interview to CNBC-TV18, Reddy says the new hospital clusters will take 18 months to break even and the company's additional 430 beds should help the healthcare major‘s top-line grow significantly.
Integrated (Mauritius) Healthcare Holdings, an arm of Malaysian sovereign fund Khazanah Nasional Bhd has converted GDRs worth Rs 213 crore into equity shares in Apollo Hospitals.