SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Apollo Hospitals Enterprise’s arm to acquire business from Searchlight Health

26 Dec 2024 Evaluate

Apollo Hospitals Enterprise’s material subsidiary -- Apollo Healthco (AHL), is all set to acquire the business of operating the software (including the Personal Health Record (PHR) & Health Information Exchange (HIE), Datalake, Clinical Cloud (CIE), L-HUB and the Search tools) and all intellectual property and improvements relating thereto or associated therewith, along with all related assets and liabilities, movable property, employees, contracts, books and ledgers, from Searchlight Health (SHPL), on a 'going concern' and 'slump sale' basis (within the meaning of such term under Section 2(42C) of the Income-tax Act, 1961), for a lump sum consideration of Rs 67,50,00,000 (Business Transfer) with effect from such date, in such manner and on such terms and conditions as specified under the business transfer agreement (BTA) dated December 24, 2024.

The Business Transfer and execution of the BTA has been approved by the respective audit committees, board of directors and the shareholders of AHL and SHPL. The said transaction will be completed on or before February 28, 2025.

Apollo Hospitals Enterprise owns and operates chain of multi-specialty hospitals. It offers the services in the area of cardiology, cardiothoracic, orthopedics and joint replacement, spine surgery, oncology, etc.

Apollo Hospital Ent. Share Price

7699.05 143.10 (1.89%)
17-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×