Article Overview
Apollo Hospitals Enterprises, the largest private hospital chain in India, plans to sell its subsidiary Apollo Cradle and Children’s Hospital (ACCHL), which includes maternity and infant care hospitals. ACCHL, a subsidiary of Apollo Specialty Hospitals, has around 363 beds across 13 hospitals in major cities like Delhi, Bengaluru, Chennai, Hyderabad, Amritsar, and more. Apollo has hired Allegro Capital to find a buyer for the asset, which is likely to be valued at ₹1,000-1,200 crore. A sale process has been initiated.
Market Summary
The mother and child care market in India is worth around ₹30,000 crore annually and is expected to grow at a 15% compounded annual rate over the next few years. Major players in the market include Apollo Cradle, Rainbow Children’s Medicare, and other private hospital chains. Events such as Indira IVF’s maturation and childbirth hospital venture and private equity firm SeaLink Capital Partners’ interest in western India’s largest children’s hospital chain indicate the sector’s activity.
Apollo Hospitals’ Current Capacity
As of March 31, 2024, Apollo Hospitals had a capacity of 10,134 beds across 73 hospitals in India and overseas. The hospital chain has 8,710 beds in 45 owned hospitals, 271 in 11 daycare/short surgical stay centers, and 790 in six hospitals under management through contracts.
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