9/27/2017 IFC invests $67 million in Apollo Health and Lifestyle Ltd | Business Standard News

IFC invests $67 million in

Apollo Health and Lifestyle
Ltd

In India, IFC's healthcare

investments are over $477 million,
representing 28% of its global
healthcare portfolio
IFC, a member of the World Bank Group, has announced
investment of $67 million in Apollo Health and Lifestyle Limited
(AHLL), the small-format healthcare facilities business of Apollo
Hospitals Enterprise Limited.

IFC is investing half for its own account and half will come from
the IFC Emerging Asia Fund, an investment fund managed by IFC
Asset Management Company. AHLL will use IFC's equity
investment to open nearly 1,000 medical facilities, laboratories and
collection centers. The investment will create over 4,000 new jobs
across India for healthcare professionals, including doctors, nurses,
and technicians, announced the investment firm.

The investment in Apollo is part of an effort to address issues of

access, quality, and affordability across the country, said Henrik
Elschner Pedersen, IFC Senior Manager - Consumer and Social
Services - Asia.

"Since 2005, IFC has made multiple rounds of debt and equity
investments in Apollo Hospitals to help the company with its
expansion plans and increase access to affordable healthcare in the
country," said Pedersen.

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9/27/2017 IFC invests $67 million in Apollo Health and Lifestyle Ltd | Business Standard News

IFC has invested around Rs 450 crore for a stake of around 29 per
cent in AHLL, said Sangita Reddy, joint managing director, Apollo
Hospitals Enterprise Ltd. The investment will help the company to
expand its reach to 20 million patients each year by 2020.

It curently has eight businesses - multi-speciality clinics (Apollo

Clinics), Diabetes Clinics (Apollo Sugar), Diagnostics (Apollo
Diagnostics), Dental Centres (Apollo White), Dialysis, Women and
Children Hospitals (Apollo Cradle), Fertility centres (Apollo
Fertility) and Surgical Centres (Apollo Spectra), across India, with a
presence in 17 states and over 400 customer touch points.

The funding will be used to increase network of clinics, cradle and

diagnostics centres across the country, said AHEL.

"The investment will help us meet the ever-increasing demand for

quality healthcare in the country," said Neeraj Garg, CEO of Apollo
Health and Lifestyle Limited.

Since 2005, IFC has made multiple rounds of debt and equity
investments in Apollo Hospitals to help the company with its
expansion plans.

AHLL runs a network of multispecialty clinics including diagnostic

centers, maternity clinics, planned surgery formats, and diabetes
management clinics.

IFC has a healthcare portfolio of about $1.7 billion. In India, IFC's

healthcare investments are over $477 million, representing 28% of
its global healthcare portfolio including investments in Max
Healthcare, NephroPlus, Eye-Q Vision, and Portea. IFC has also
supported state governments by providing advisory services and
bringing reliable private players to extend affordable, quality
medical care in India.

It added that India is IFC's top country exposure, globally and has a
commi ed portfolio of over $5 billion as of June 30, 2016. In FY16, it
has commi ed $1.1 billion in new investments. It is also focused on
boosting financing in infrastructure and logistics, promoting
financial inclusion, helping create conditions to a ract increased

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9/27/2017 IFC invests $67 million in Apollo Health and Lifestyle Ltd | Business Standard News

private capital, and helping structure public-private partnerships,

said the company.

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