Apollo Hospitals Enterprise Ltd.

BSE: 508869 | NSE: APOLLOHOSP
Large Cap | Hospital & Healthcare Services
6952.55
-175.65 (-2.46%)
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Apollo Hospitals arm acquires Nova Specialty Hospitals

Date: 06-01-2015

Apollo Health and Lifestyle (AHLL), a wholly owned subsidiary of Apollo Hospitals Enterprise, has successfully completed the acquisition of Nova Specialty Hospitals. Through this acquisition, AHLL endeavours to provide superior value to patients and Doctors with an enhanced reach and high quality services.

Nova Specialty Hospital’s existing centres will serve as new centres under the Apollo brand name and will benefit from Apollo's legacy of expertise, clinical excellence and empathy. This acquisition fits into the growth strategy of AHLL, providing a larger footprint, including in some markets where the company has no presence currently.

Apollo Hospitals is the leading private sector healthcare provider in Asia and owns and manages a network of speciality hospitals and clinics, a chain of Pharmacy retail outlets across the country, and provides Consultancy Services for commissioning and managing the Speciality Hospitals.