Apollo

India-based Apollo Health and Lifestyle (AHLL), a wholly-owned subsidiary of Apollo Hospitals Group, has acquired Nova Specialty Hospitals for INR145m ($24m).

Apollo intends to expand its presence in the country. Nova’s existing facilities will be transformed into new centres that will be run by Apollo.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Apollo Hospital Enterprises joint managing director Sangita Reddy said: "AHLL is currently present in the secondary care segment through the day surgery and cradle formats.

"Given the immense potential and the need for quality healthcare delivery closer to the home, this acquisition will enable AHLL to significantly expand its footprint and will catapult it into a leadership position in this segment of healthcare."

"Nova’s centres will offer in-patient and outpatient services and the combined network will generate up to INR125m ($20m) for the year ending March 2015."

The acquired business is distributed over eight Indian cities, and will add 45 modular operating theatres and 350 patient beds to the Apollo network.

See Also:

Nova’s centres will offer in-patient and outpatient services and the combined network will generate up to INR125m ($20m) for the year ending March 2015.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Nova Medical Centres chairman Suresh Soni said: "Nova Specialty Hospitals were early movers in the concept of short stay surgeries in India.

"The main focus was making quality health care affordable and accessible to the masses."

AHLL operates 100 facilities across India and the Middle East, and runs Apollo Sugar Clinics that are integrated diabetes disease management clinics.

Image: Apollo Hospital entrance located in Bengaluru, India. Photo: courtesy of Rohith.ravichandran.1.