PE Firm Advent to Invest $297M in India’s Apollo Hospitals Unit

PE firm Advent International will invest 24.75 billion rupees (nearly $297 million) in Apollo Hospitals (APLH.NS), opens new tab unit Apollo HealthCo and merge its online pharmacy business with pharmacy distributor Keimed, the hospital chain operator said. Advent will invest in compulsory convertible instruments in two tranches for a 12.1% stake in the merged pharmacy business entity, which will have an enterprise value of 224.81 billion rupees.

Read the full article: PE Firm Advent to Invest $297M in India’s Apollo Hospitals Unit //

Source: https://www.reuters.com/business/healthcare-pharmaceuticals/indias-apollo-hospitals-unit-raise-297-mln-pe-firm-advent-2024-04-26/

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