World Bank’s investment arm International Finance Corporation (IFC) is looking to invest US$68 million (about INR 460 crore) in Apollo Health & Lifestyle.
Apollo Health runs the Apollo Hospital’s small format centres. The proposed investment is part of the overall capital of US$135 million (INR 900 crore) raised by the unit. “IFC is considering an equity investment of approximately US$68 million, including approximately US$34 million for its own account and approximately US$34 million for IFC’s Asset Management Company,” IFC said on its website. IFC has earlier invested in Apollo Health’s parent firm, Apollo Hospitals Enterprise. Apollo Health & Lifestyle operates in the primary care space, and has 7 formats – Apollo Clinics, Apollo Sugar (diabetes), Apollo Diagnostics, Apollo White (dental care), Apollo Dialysis, Apollo Cradle (maternity) and Apollo Spectra Hospitals (day care surgery).