During Thursday’s trading session, the shares of the world’s largest integrated healthcare platform are in focus after the company announced to acquire the healthcare software operations business of Searchlight Health Private Limited (SHPL) for Rs. 67.5 crores.
With a market cap of Rs. 1.04 lakh crores, at 11:11 a.m., the shares of Apollo Hospitals Enterprise Limited were trading in the green at Rs. 7,264.45 on BSE, up by 0.3 percent, as against its previous closing price of Rs. 7,242.
What’s the News:
Apollo Healthco Limited (AHL), a material subsidiary of Apollo Hospitals Enterprise Limited, is set to acquire the business of operating the software and all intellectual property, along with all related assets and liabilities, movable properties, employees, contracts, books and ledgers, from Searchlight Health Private Limited (SHPL).
According to the latest regulatory filings with the stock exchanges, the acquisition encompasses the software operations of SHPL, including Personal Health Record (PHR) & Health Information Exchange (HIE), Datalake, Clinical Cloud (CIE), L-HUB and the Search tools.
The transfer of this business from SHPL to AHL will be conducted on a “going concern” and “slump sale” basis, with a total consideration of Rs. 67.5 crores. The business transfer is expected to be completed on or before 28th February 2025.
Financials:
Apollo Hospitals reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 15.3 percent, rising from Rs. 4,847 crores in Q2 FY24 to Rs. 5,589 crores in Q2 FY25.
Similarly, the company’s net profit increased from Rs. 249 crores to Rs. 396 crores over the same period, representing a slight growth of around 59 percent YoY.
EBITDA for Q2 FY25 also increased by about 30 percent YoY to Rs. 815.5 crores, up from Rs. 627.5 crores in Q2 FY24.
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Stock Performance:
The stock has delivered positive returns of nearly 29 percent in one year, as well as around 18.4 percent returns in the last six months. So far in 2024, the share of Apollo Hospitals Enterprise has given positive returns of about 26.4 percent.
About the Company:
Apollo Hospitals Enterprise Limited is primarily engaged in the operation of multidisciplinary private hospitals, clinics, diagnostic centres and pharmacies.
The main business of the company is to enhance the quality of life of patients by providing comprehensive, high-quality hospital services on a cost-effective basis and providing/selling high-quality pharma and wellness products through a network of pharmacies.
Written by Shivani Singh
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