History
Apollo Hospitals was founded by Prathap C. Reddy in 1983 as the first corporate health care in India. The first branch at Chennai was inaugurated by the then President of India Zail Singh.[12]
Apollo developed telemedicine services, after starting a pilot project in 2000 at Aragonda, Prathap Reddy's home village.[13]
In 2006, Apollo exited its hospital in Colombo called Apollo Hospital Sri Lanka by selling its stake to Sri Lanka Insurance.[14] In 2007, Apollo Hospitals and DKV AG established a 74:26 joint venture health insurance company called Apollo DKV Insurance Co.[15] The company was rebranded as Apollo Munich Health Insurance in 2009.[16]
In 2008, Apollo Hospitals started Apollo Reach, a chain of hospitals for Tier-2 and Tier-3 cities as well as semi-urban and rural areas, with the opening of the first Apollo Reach hospital in Karimnagar.[17][18]
In December 2012, Apollo Hospitals sold its 38% stake in Apollo Health Street, the group's healthcare business process outsourcing division, to Sutherland Global Services for inr 2250000000.[19]
In 2014, Apollo Hospitals acquired Hetero Med Solutions, a South Indian pharmacy chain with 320 stores, from Hetero Group for inr 1460000000 in a slump sale. The stores were rebranded as Apollo Pharmacy.[20]
In October 2015, Apollo launched home care services under Apollo HomeCare[21] and its digital healthcare platform called Ask Apollo.[22]
Apollo signed an MoU with Health Education England in April 2017 to provide a large number of doctors to fill vacancies in the English National Health Service.[23]
In September 2017, Apollo announced an academic collaboration with Australia’s Macquarie University, where students enrolled in Macquarie's four-year graduate entry Doctor of Medicine program would complete 5 months of clinical rotations at Apollo hospitals in Hyderabad as part of their degree.[24]
In 2018, Apollo Hospitals opened their first hospital in Kerala, Apollo Adlux Hospital, a 250-bedded tertiary care center as a joint venture with the Adlux group.[25][26]
In January 2019, Apollo opened Apollo Proton Cancer Centre in Chennai, which is reportedly the first proton therapy facility across South Asia, Southeast Asia and the Middle East.[27][28]
In 2020, Apollo Hospitals sold its 50.80% percent majority stake in Apollo Munich Health Insurance to HDFC for inr 14950000000.[29] Later that year, it acquired IHH Healthcare's 50% joint venture stake in Apollo Gleneagles Hospital in Kolkata for inr 4100000000.[30]
In March 2022, Apollo Hospitals was included in Nifty 50 benchmark index, replacing Indian Oil, and became the first hospital company to be included in the index.[31]
