History of Apollo Hospitals Enterprise Ltd.
1979
- The Comp. was incorporated on 5th December, at Chennai. The company was promoted by Dr. Prathap C. Reddy & his associates. The Main object of Comp. is to run Hospitals.
- The Comp. had set up a comprehensive 250-bed hospital with an emphasis on speciality & super specialities in over fifty departments at Greams Road, Chennai.
- The main items & medical equipment acquired included operating surgery unit, autoanalyser, angioscope, gamma cemera, CAT scan, etc.
- The hospital was to consist of cardiology department with CAT, head and body scan, two special operation theaters & four minor & four major operation theaters.
1982
- 3,49,900 shares subscribed for by promoters, directors, etc. 26,50,100 shares were then issued at par out of which 9,50,100 shares were reserved & allotted on a firm basis to promoters, their friends, etc. [inclusive of 7,00,000 shares to NRI promoterss].
- Out of remaining 17,00,000 shares, 5,00,000 shares were reserved for preferential allotment to NRI & investors [from oil exporting developing countries but only 4,03,450 shares taken up. The balance 12,00,000 shares, along with 96,550 shares not taken up out of preferential quota were offered for public subscription during December.
1984
- During November, simultaneously with the rights issue of equity shares, the Comp. issued 2,00,000-15% partly convertible debenture of Rs 100 each as rights in prop. 5 debenture : 75 equity.
- Only 15,537 debentures were taken up. Another 98,133 debentures were allotted privately. The balance 86,330 debentures devolved on the underwriters. Interest on the debentures was payable in the form of equity shares at par for first two years.
- The Convertible portion of Rs 20 out of face value of each debenture was to be converted into 2 equity shares of Rs 10 each at par on the completion of 3 years from the date of allotment of the debentures.
- The non-convertible portion of Rs 80 out of face value of each debenture was to be redeemed in 4 equity annual instalments at the end of the 7th, 8th, 9th & 10 year from the date of allotment of debentures.
- 12,50,000 shares issued at par as rights but only 4,80,301 shares taken up. Out of balance 7,69,699 shares, 7,69,232 shares were allotted privately & 467 shares remained unallotted. Another 2,50,000 shares were allotted at par privately.
1985
- 46 beds were added & the hospital was to add another 38 beds during 1986-87.
1986
- The Apollo Health Association [AHAs] was inaugurated in April, based on credit card system. As per this scheme, the Apollo health insurance policy holders get Medicare offered by Apollo & 76 accredited hospitals in selected cities.
- 29,600 shares forfeited in October, of which forfeiture on 1,050 shares was annulled. Another 12,850 forfeited shares were reissued. 2,56,772 shares were allotted at par in conversion of debenture interest.
1988
- Till the end of June, 5,18,298 No. of equity shares were allotted in conversion of debenture interest & 2,27,340 No. of equity shares were allotted in conversion of debentures. Another 1,72,660 shares were allotted in conversion of debentures during the period from 1st April, to 31st March, 1989.
1989
- The hospital was equipped with Magnetic Resonance Imaging [MRIs], one more SOMATOMCR whole body computed Tomography scanner, Dideoendoscopy and Mammography, breast scanning equipment for detection of occult carcinoma.
- The Apollo Hospital, Chennai was recognised for teaching and imparting training to doctors for examination of Fellow of the Royal College of Radiologists, [FRCRs], U.K.
- The Apollo group had finalised a joint venture project with the I.R.T.C. of Eye Micro Surgery, USSR to launch the Apollo Fyodorov Eye Research Institute.
1991
- The Apollo school of nursing was commissioned in August which offers a 3 year diploma programme followed by internship in the hospital.
1992
- 16 intensive care beds & 26 additional patient beds together with balancing equipment were added in various disciplines. Also a 24 hour ambulance service with wireless facility was to be launched shortly.
- The Comp. also was setting up a 150 bed state-of-the-art cancer treatment & research centre in the heart of Chennai city on Mount Road.
- The Comp. had launched a city-wide ambulance service with wireless facility by stationing six Ambulances at strategic places in the city.
1993
- Apollo cancer hospital, situated at Teynampet, Chennai, was commissioned.
- The Comp. was introduced state-of-the-art Bone Marrow transplant facility in Phase II expansion of cancer project in Chennai. Besides, the Comp. to install Gamma Knife equipment & facilities for organ transplantation.
- Allotted 54,17,831 shares as rights [prop. 1:1s] & 4,850 shares to employees both at a prem. of Rs 10 per share.
1994
- The bed strength was increased to 465 at the main hospital. A third theater was added for cardio thoracic surgery.
- 40,00,000 No. of Equity shares issued at a price of Rs 42 per share on private placement basis with various investment institution.
1995
- Cancer hospital in Hyderabad was inaugurated on 19th February. The hospital was planning to introduce an innovative application of tele-technology with the launch of `Apollo Heartline' a simple device connecting to subscriber with a heart centre & giving expert opinion instantly round-the-clock via telephone lines.
- The hospital has expanded its services to encompass preventive healthcare in the country.
- The Comp. has joined hands with the WHO with its mission to eradicate Tuberculosis in India. The Comp. has identified washermanpet area in Chennai for T.B. detection & iradication On world No. Tobacco day, an asthma clinic & counselling centre for smokers was launched.
- 10,70,400 No. of Equity shares allotted on conversion of warrants issued to promoters on preferential basis.
1996
- The Apollo Cancer Hospital Chennai, introduced specialised, effective and innovative cancer management offering a host of treatment to many kinds of cancer.
- With take over of Orient Hospital, Madurai & Pinakini Hospital, Nellore, the Comp. had added 300 more beds.
- Apollo college of nursing at Keezhkattalai was inaugurated on 21st October.
- Home health care facility was launched at Chennai, where the registered members will be provided medical consultation, treatments, preventive health check up at their door-steps. The other services include, polio drop DPT vaccinations to children, nasal oxygen therapy, antienata check ups etc.
1997
- Apollo Hospitals has signed a memorandum of understanding with Jardine of UK for successful adaptation of healt maintenance organisations [HMOs] concept for first time in India by August-September.
- Apollo Hospitals launched a weekly health awareness programme, Apollo Health File, on the Telugu satellite channel Gemini.
1998
- Apollo Hospitals Ltd has signed a memorandum of understanding with the Sri Lankan Government to build a super-speciality hospital in Colombo. This is the first time the speciality hospital group is venturing abroad with investments.
1999
- Apollo Hospital Enterprises Ltd has launched its first poison information centre in the south.
- Apollo Hospitals is merging its group companies Deccan Hospitals, Hyderabad, & Indian Hospital Corporation, Chennai, along with Sindhoori Hotels, Chennai, to emerge as the leading healthcare unit in Asia.
2000
- The Comp. has approved to issue up to 20,00,000 No. of equity shares of Rs.10 each on private placement basis to FIIs, MFs, FIs and banks etc, at or above the price calculated in accordance with SEBI Guidelines. - Apollo Hositals has announced the launch of its `Mednet' services for the medical fraternity in the country in collaboration with Wipro, NIIT, Satyam Online, ICICI & Citadel Health Ltd.
- Indian Oil Corporation Ltd [IOCs] has signed a memorandum of understanding [MoUs] with healthcare major Apollo Hospitals for setting up pharmaceutical general stores at the convenience stores of Indian Oil petrol stations.
- The Comp. has successfully placed 20 lacks equity shares with various FIIs at a premium of Rs. 355/- per share.
- The Comp. placed 20 lacs No. of equity shares with various FIIs at a premium of Rs 355/- per share.
- The Apollo Hospitals has lined up a string of equity tie-ups to fuel an agressive diversification plan in various healthcare-related areas.
- Apollo Hospitals Group & Royal College of General Practioners have entered into a tie-up to lauch three programmes for revalidating and updating the knowledge of primary healthcare physicians in India.
- Apollo Hospitals has launched a personal accident insurance card.
- Apollo Hospitals launched the `Apollo, the Italian Dental Cliniq' in the city.
- Apollo Hospitals has expanded its presence in healthcare with the launch of 'Apollo, the Italian Dental Cliniq'.
- The Delhi-based NIIT limited & Apollo Hospitals Group are jointing hands to create `MeDVarsity', an Internet-based virtual medical university to cater to the medical fraternity.
- The Comp. has join the big league of pharma companies & research labs to garner a major share in the booming high-end biotechnology research business.
- Apollo Hospitals, the Chennai-based Rs 3,000 crore healthcare giant has inked an in-principle deal with the Singapore-based Parkway group, the Singapore-based Parkway group, the global leader in healthcare business, to spread its wings to AfroAsian countries.
2001
- The Chennai-based Apollo Hospitals Enterprise has signed a memorandum of understanding with the government of Mauritius, appointing the Apollo Hospitals Group as the preferred healthcare provider for all the citizens of Mauritius.
- Apollo Hospitals has entered into a tie-up with a local hospital initially to deliver mother & child care.
2002
- Apollo Hospitals Enterprise Ltd has informed that Mr Atul Punj has resigned from the office of Director of company. Mr Habibullah Badsha has been co-opted to the Board as an Additional Director.
-The Apollo Hospitals Enterprises, has taken over the 50.26 per cent stake held by Gauri Prasad Goenka in the Duncan Gleneagles Hospital for amount of Rs 3 crore.
- Apollo Hospitals Enterprises Ltd [AHELs] inaugurated the first of its hospitals in the 'First Med hospitals' chain at Chennai. The hospital is situated on the Poonamallee high Road & will provide emergency & trauma care to the neighbouring areas. The hospital will also have a multi-specialty acute care centre. The hospital will have over 25 specialties, including cardiology, neurology, nephrology, urology, orthopaedics & radiology.
-Apollo Hospitals Enterprise Ltd has informed BSE that they have completed the sale transaction of 1,58,63,504 equity shares of Duncan Gleneagles Hospitals Ltd [DGHLs] Kolkata [unlisted Companys], previously held by Duncans Industries Ltd & its associates & the said shares have been registered in the name of Comp. & its nominees in the books of DGHL.
2003
-Apollo Hospitals, in tie up with ICICI Lombard has unveiled an accident insurance product.
-Apollo launches a dedicated paediatric cardiac facility for children.
-Apollo unveils a telemedicine facility at the government General Hospital, Eluru.
-Apollo bags an order worth $1 million contract to manage a hospital in Malaysia.
-Apollo Hospital sets up a 24X7 Chest Pain Clinic to offer round the clock & immediate access to quality heart care during the critical period.
-Apollo hospital informs that it has been recognised as 'Superbrand of India' in the Healthcare sector.
-The Sagar Apollo Hospital becomes the first hospital in the country to adopt electronic processing of Insurance claims.
-AFTL ties up with Apollo for health awareness campaign
-The hospital tied up with SBI to extend loan assistance for hospital treatment.
2004
-The Apollo Group of Hospitals has entered into a major technology partnership with the Defence Research and Development Organisation [DRDOs] to leverage mutual strengths
-Apollo Hospital inks pact with Austrian institute
- Apollo Hospitals launched WE [Women Health Empowerments] scheme offering them an exclusive Web site & a health card.
-opened a clinic with a 24-hour pharmacy & an ambulance service in the R.A. Puram suburb of Chennai
-Ms Shobana Kamineni, KEI Group - Apollo Hospitals Enterprises Ltd has been elected as Chairperson of CII-Southern Region for year 2004-05
-Apollo Hospitals has announced the launch of `Apollo National Heart Plan' comprising three components of preventive mode, a disease management programme [DMPs] & the actual treatment & surgery component
-Apollo Hospitals group on August 09 said it has entered into a partnership to provide advisory services to Hayel Saeed Anam [HSAs] group, Yemen
2005
-Mundra SEZ forges alliance with Apollo Hospital
-Apollo Hospitals forges alliance with Histotem
-Apollo Hospital Delhi gets JCI certification for its quality of care in a safe environment
-Apollo Hospitals join hands with Johns Hopkins
2006
-Apollo Hospitals Enterprise Ltd has informed that Dr. Prathap C Reddy, Chairman of Apollo Hospitals Group singed the Joint Venture Agreement with Deutsche Krankenversicherung AG [DKVs] on October 11, 2006.
-Apollo Hospitals acquires Zavata.
