Apollo unit plans more overseas clinics

Apollo unit plans more overseas clinics
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First Published: Wed, Mar 14 2007. 01 00 AM IST
Updated: Wed, Mar 14 2007. 01 00 AM IST
Hyderabad: The Apollo Health and Lifestyle, a wholly-owned subsidiary of Apollo Hospitals Enterprises, is planning to step up its overseas presence in the form of new clinics in Saudi Arabia, Indonesia, the US and European countries soon. Set up on franchisee mode, these clinics operate under the brand, The Apollo Clinic.
Construction has begun at Riyadh, Saudi Arabia, and the clinic will be operational by May. “We are seriously planning to set up clinics in the US and Europe as a large Indian population lives in this region. We are currently in talks with interested partners,” Ratan Jalan, CEO, The Apollo Health and Lifestyle, told Mint.
Fifty clinics have been set up in India across 28 cities and one in Doha, Qatar. Set up at a cost of Rs 1.5-2 crore each, these clinics have an annual turnover of Rs 60 lakh to Rs2.5 crore. Apollo Health collects one time licence fee of Rs 25 lakh per clinic at the time of its establishment and royalty of 6% on gross turnover from each.
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First Published: Wed, Mar 14 2007. 01 00 AM IST
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