Apollo Health and Lifestyle Ltd (AHLL), a wholly-owned subsidiary of Apollo Hospitals, Thursday announced receiving investments of Rs 450 crore ($65.8 million) from International Finance Corporation (IFC).
“The investment will help us meet the ever-increasing demand for quality healthcare in the country,” said Neeraj Garg, CEO of AHLL. “Apollo values its longstanding relationship with IFC, including IFC’s experience and deep knowledge of the healthcare sector in India,” Garg added.
Sangita Reddy, Joint Managing Director, Apollo Hospitals said AHLL will use IFC’s equity investment to expand its network of clinics, cradle and diagnostics centres across India. The investment will create multiple job opportunities across India for healthcare professionals, including doctors, nurses, and technicians.