06-03-2023 09:07 AM | Source: Reuters
India`s Apollo Hospitals to sell stake in healthcare platform
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India's Apollo Hospitals Enterprise Ltd plans to raise about $200 million by selling a stake of up to 6% in its online platform, Chief Financial Officer Krishnan Akhileswaran said on Friday.
Apollo Hospitals is expecting a valuation of $2.5 billion to $3 billion for the healthcare services platform, Apollo HealthCo Ltd.
In May, Apollo's fourth-quarter revenue from healthcare services climbed 18.5% and accounted for 51% of its total revenue.
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