World Bank subsidiary arm International Finance Corporation (IFC) is planning to invest US$68 million (about INR 460 crore) in Apollo Health & Lifestyle ltd (AHLL). AHLL is a subsidiary of Apollo Health Enterprises Limited and includes a network of primary healthcare clinics across the country.
This investment is the part of the overall raise of $135 million or Rs 900 crore investment which was earlier invested by IFC. Apollo Health, which currently operates primary health care clinics, is reportedly planning to expand its operations with the investment. Presently, AHLL is the largest chain of standardized primary healthcare models such as multi specialty clinics under the brand of “Apollo Clinics” in India.
Apollo Health & Lifestyle operates in the primary care space and has 7 formats – Apollo Clinics, Apollo Sugar (diabetes), Apollo Diagnostics, Apollo White (dental care), Apollo Dialysis, Apollo Cradle (maternity) and Apollo Spectra Hospitals (day care surgery).
So let’s discuss some questions related to this post :
1. The International Finance Corporation (IFC) is planning to invest in which health care giant ?
2. The International Finance Corporation (IFC) is the subsidiary of which group ?
Courtesy : Business Standard