Apollo Hospitals To Launch Apollo Healthtech for Pharmacy and Digital Health Operations
Apollo Hospitals' Strategic Decision
Apollo Hospitals Enterprise, an established name in Chennai's healthcare sector, has made a pivotal announcement regarding its future. The organization has opted to separate its pharmacy distribution and digital health operations to form a new entity known as Apollo Healthtech.
Impact on Shareholders and Future Listing
The newly formed Apollo Healthtech is set to pursue a stock exchange listing within the next 18 to 21 months. Shareholders of Apollo Hospitals will receive shares in Apollo Healthtech according to a structured allocation; for every 100 shares in Apollo, investors will gain 195.2 shares in the new venture.
Creating a Comprehensive Pharma Platform
- Apollo Healthtech aims to establish a leading omni-channel pharmacy distribution platform.
- The initiative is projected to generate revenues of Rs 16,300 crore, approximately $1.9 billion.
- Apollo Healthco (AHL), which currently handles wholesale pharmaceutical trading, is part of this transition.
Future Operations and Restrictions
In accordance with the new structure, Apollo Hospitals will limit its pharmacy operations to hospital-based facilities, excluding e-commerce and wholesale pharmacy activities. The consolidation with Apollo Medicals further outlines the direction for Apollo Healthtech.
As Apollo Healthtech embarks on this new chapter, it marks a significant shift in the pharmaceutical landscape within Chennai and beyond, providing enhanced focus on digital health and pharmacy distribution.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.