India Awards: Exit of the Year – Apollo Hospitals
When Apax Partners first invested in Apollo Hospitals Enterprise, in 2007, “healthcare was a relatively undiscovered space for PE in India, even for the public markets for that matter,” says Shashank Singh, who heads the PE firm’s India office.
There were three-four hospital businesses that were roughly the same size - Apollo, Fortis Healthcare, Wockhardt and Manipal Hospitals, of which only Apollo was listed. But demand in the Indian healthcare...
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