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Apollo to triple telemedicine centres, eyes South-East Asia

Apollo to triple telemedicine centres, eyes South-East Asia
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First Published: Fri, Jul 22 2011. 10 00 PM IST
Updated: Fri, Jul 22 2011. 10 00 PM IST
Chennai: Apollo Hospitals Enterprise Limited, one of India’s largest private health care service providers, plans to more than triple the number of telemedicine centres to 500 from 160 worldwide with a focus on Indonesia, Thailand, Laos and Burma.
“The telemedicine centres are a pull factor for international patients,” said Krishnan Akhileswaran, chief financial officer to Mint via telephone.
The Chennai-based hospital group has recently raised Rs 330 crore through a Qualified Institutional Placement (QIP) to fund their expansion plans. A QIP is a capital raising tool whereby convertible securities like debentures are issued to a qualified institutional buyer.
Apollo saw revenues jump 29% to Rs 2,605.40 crore in 2010-11 from Rs 2,026.50 crore the previous year.
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First Published: Fri, Jul 22 2011. 10 00 PM IST