Apollo eyes US acquisition, gives up UK plans

Healthcare chain Apollo Hospital Enterprises has said it is in advance talks with two US firms for a possible takeover as part of its plans to expand in medical business process outsourcing.

"Hopefully, things would be finalised in next 3-4 days," Apollo Hospital Enterprises Chairman Prathap C Reddy told the media.

When asked about the shortlisted companies, he declined to name them, but said talks were at an advance stage.

If the deal goes through, it would be a shot in the arm for Apollo Health Street, which provides services like processing of receipts and collection of dues to healthcare companies. The deal is also expected to give Apollo Hospitals access to more clients in the US.

Read more in The Economic Times article.

Apollo teams up with PE partners for Capio bid

The Apollo Hospitals Group will tie up with two private-equity players to bid for Capio Healthcare, the UK’s fourth-largest independent healthcare provider, chairman Dr Pratap C Reddy told DNA Money on Tuesday without disclosing the names of the companies.

The biding for Capio, which is valued in the range of $2.36 billion, is set to open in August.

Besides American PE giant Blackstone, others said to be in the running for Capio include property mogul Nick Leslau, who has been joined by the Scottish banking group HBOS and Scottish entrepreneur Sir Tom Hunter