Apollo Hospitals Enterprise (AHEL) will see investments of around ₹3,000 crore in the next three years. The hospital chain operator will use ₹890 crore from the deal with private equity firm Advent International (Advent) for organic and inorganic expansion, a top executive said on Friday, emphasising that the entry of Advent into Apollo HealthCo is likely to be a 'change agent' for the company.
AHEL will add around 700 beds per year. Advent and Apollo HealthCo entered into a deal through which Advent will invest ₹2,475 crore into Apollo HealthCo, a wholly-owned subsidiary of AHEL. Keimed, a wholesale distribution company owned by the promoters of the Apollo Group, will also get merged into Apollo HealthCo.
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