Healthcare and New age Business
VedaCorp advises on strategic reorganisation of Apollo’s digital health and pharmacy business culminating into creation of India’s largest omnichannel consumer health platform, valued earlier at ~ US$ 2.8bn by Advent
About
Apollo 24|7
Apollo revolutionized healthcare when Dr Prathap C Reddy opened the first hospital in Chennai in 1983. Today Apollo is the world’s largest integrated healthcare platform with over 10,000 beds across 73 hospitals, nearly 6000 pharmacies and over 2500 clinics and diagnostic centers as well as 500+ telemedicine centers.
Apollo Healthco has established India’s most comprehensive omni-channel healthcare ecosystem, integrating the Apollo group’s renowned clinical expertise and research with state-of-the-art technology. At Apollo Healthco, our mission is to deliver unparalleled service standards and a seamless continuum of care to our users.
Background
The Composite Scheme creates a formidable Omni Channel Pharmacy (OCP) and Digital Health platform in India. AHEL shareholders to have direct shareholding in a combined entity, enabling full value discovery and eliminating any hold co discount in valuation.
The combined entity will have unprecedented business metrics: (i) revenues of US$ ~2bn with strong operating profitability; (ii) serving ~1mn daily customers through 6,500+ pharmacies, (iii) registered digital user base of 40+ million and (iv) distribution network of ~75,000+ partner pharmacies & 3,000+ hospitals.
Veda Corporate Advisors (“VedaCorp”) acted as the exclusive financial advisor for the transaction. VedaCorp played an instrumental role in crafting a transaction structure that unlocks significant value for AHEL shareholders while providing liquidity to shareholders of all three entities – AHEL, AHL and Keimed.
The transaction highlights our ability to assist leading blue-chip enterprises to deliver value across all the stakeholder groups. This deal further strengthens our track record and reinforces our credentials in the consumer and healthcare sectors.