Apollo Hospitals Enterprise Ltd.

Apollo Hospitals Enterprise has acquired a 50% stake in Medics International Lifesciences (Medics), a 330 bedded super-speciality hospital in Lucknow.

Apollo Medics Super Speciality Hospital is expected to be commissioned by the third quarter of the current financial year. The acquisition of the 50% equity stake is through a primary issuance of shares by Medics for a consideration of Rs 91 crore which would be utilised towards hospital commissioning and related expenses.

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.