Apollo 24

With the healthcare services industry witnessing a steady uptrend, the Apollo group, which pioneered corporate hospitals in India, has said that its attention now is on its digital business, Apollo 24/7. “The only thing that we have to keep working on now is 24/7 to make it a durable stable company, that's the focus. The diagnostics business for the first time in the second quarter surpassed Rs 100 crore of top line. The diagnostics is the other business that we are seeing good pick-up and we would continue to invest and grow,” Krishnan Akhileswaran, group chief financial officer, Apollo Hospitals, told Moneycontrol. Also read: 'Freebies' to doctors: Pharma industry lobby seeks new code to regulate marketing interaction Akhileswaran said that all three lines of business—healthcare services, diagnostics, retail health and pharmacy distribution, and digital health, which is Apollo 24/7—have seen growth in this quarter. “The quarter results were good, and if you look at it in comparison with the first quarter, we have grown strongly across all the segments,” he added. “The healthcare services margins have expanded to 25 percent; hospital occupancy has gone up from 60 percent in the first quarter to 68 percent in this quarter. The overall revenues from healthcare services are Rs 2,265 crore. That is one business which is doing very well,” he said. Asked about the prospects of a strategic partnership with Amazon in the pharmacy business, Akhileswaran said the company was doing ...

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