Apollo 24/7 clinches Rs 2,475 cr investment and 12.1% stake from Advent in Keimed merger

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Apollo 24/7 clinches Rs 2,475 cr investment and 12.1% stake from Advent in Keimed merger

Team FS

29/Apr/2024

Key Points:

Financial Expansion: Apollo 24|7, a subsidiary of Apollo Hospitals, unveils plans to raise Rs 2,475 crore in equity capital from Advent International, aiming to bolster its healthcare services.
Merger with Keimed: Apollo 24|7 integrates with Keimed Private Limited, India's leading wholesale pharmaceutical distributor, enhancing its market presence and supply chain capabilities.
Strategic Partnership: The deal grants Advent International a 12.1% stake in the merged entity, fostering industry-leading retail health services and positioning Apollo 24|7 as a key player in India's healthcare sector.

In a significant development for India's healthcare landscape, Apollo 24|7, a subsidiary of Apollo Hospitals, announces plans to raise Rs 2,475 crore in equity capital from Advent International, a renowned private equity investor. This infusion of capital aims to fuel the expansion of Apollo 24|7's healthcare services, catering to the evolving needs of millions of Indians.

Financial Expansion:
Apollo 24|7's decision to raise equity capital reflects its commitment to enhancing healthcare accessibility and affordability across the country. With an investment of Rs 2,475 crore from Advent International, the company is poised to strengthen its infrastructure, technology, and service offerings, furthering its mission of delivering high-quality healthcare to all segments of society.

Merger with Keimed:
In a strategic move to consolidate its market position and optimize its supply chain, Apollo 24|7 announces its integration with Keimed Private Limited, India's leading wholesale pharmaceutical distributor. This merger is poised to bring substantial synergies and industry benefits, positioning the combined entity as a formidable player in the healthcare sector.

Strategic Partnership:
The partnership with Advent International not only injects significant capital into Apollo 24|7 but also fosters strategic collaboration and industry-leading expertise. With Advent International acquiring a 12.1% stake in the merged entity, Apollo 24|7 strengthens its foothold in the healthcare market, paving the way for innovative solutions and enhanced service delivery.

In conclusion, Apollo 24|7's initiatives to raise equity capital and integrate with Keimed underscore its commitment to driving positive change in India's healthcare landscape. With strategic partnerships and a focus on innovation, Apollo 24|7 is poised to redefine healthcare delivery, ensuring accessibility, affordability, and quality for millions of individuals across the country.

Also Read : AdaniConneX secures $1.44 billion in sustainability-linked financing agreements

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Apollo 24/7 clinches Rs 2,475 cr investment and 12.1% stake from Advent in Keimed merger

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