Apollo Hospitals to Triple Telemedicine Centres, Eyes South-East Asia

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Apollo Hospitals Enterprise Limited, one of India’s largest private health care service providers, plans to more than triple the number of telemedicine centres to 500 from 160 worldwide with a focus on Indonesia, Thailand, Laos and Burma.

“The telemedicine centres are a pull factor for international patients,” said Krishnan Akhileswaran, chief financial officer to Mint via telephone.

The Chennai-based hospital group has recently raised Rs. 330 crore through a Qualified Institutional Placement (QIP) to fund their expansion plans. A QIP is a capital raising tool whereby convertible securities like debentures are issued to a qualified institutional buyer.

Apollo saw revenues jump 29% to Rs. 2,605.40 crore in 2010-11 from Rs. 2,026.50 crore the previous year.

In 1983, Dr Prathap C Reddy, the architect of Indian healthcare, launched the first corporate hospital in India. An integrated healthcare company, the Apollo Hospitals Group has over 8,500 beds across 50 hospitals, more than 1200 pharmacies and 100 diagnostic clinics, medical business process outsourcing services, health insurance services, and clinical research divisions with a focus on epidemiological studies, stem cell research and genetic research. To develop talent for the burgeoning need of superior healthcare delivery, the Apollo Hospitals Group has 11 nursing and hospital management colleges.

Apollo, for over 26 years, has continuously excelled and maintained leadership in medical innovation, world-class clinical services and cutting edge research.  Our hospitals are consistently ranked amongst the best hospitals globally for advanced medical services.

With over 8500 beds across 54 hospitals within and outside India, the Apollo Hospitals Group is one of the largest healthcare groups in Asia. The legacy of touching lives stems from the four pillars of our philosophy – experience, excellence, expertise and research. At Apollo Hospitals, we unite exceptional clinical success rates and superior technology with centuries-old traditions of Eastern care and warmth, as we truly believe the world is our extended family-something our 19 million patients from 55 countries can warmly affirm.

The dream nurtured and grew within Dr. Prathap C Reddy, the founder Chairman of Apollo Hospitals, until the point of inflection happened in 1983. A young man succumbing to an ailing heart was what it took to ignite Dr. Reddy’s vision into a reality – a vision where quality healthcare was given, where the pursuit of clinical excellence was daily endeavor, India a hub in the medical tourism map and where the Apollo family touches and enriches lives every minute, every day.

Today, with over 8500 beds across 54 hospitals, and a significant presence at every touch-point of the medical value chain, Apollo Hospitals is one of Asia’s largest healthcare groups. Commenced as a 150 bed hospital, today the group has grown exponentially both in India and overseas. Its growth is often said to be synonymous with India emerging as a major hub in global healthcare.

Apollo Hospitals is driven by a single thrust, to provide the best standards of patient care. It is this passion that has lead to the development of unique centers of excellence across medical disciplines, within the Apollo Hospitals network. Apollo Hospitals has JCI accreditations for 7 of its hospitals, the largest by any hospital group in the region.

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