Financial Times - Apollo to open more info centres, off-site clinics

Apollo to open more info centres, off-site clinics

Apollo Hospitals Colombo has shown significant gains this year with revenue in the January to March period up at Rs 497.47 million, from Rs 424.50 in the previous 2005 period and is planning to open four more information centres and off-site clinics.

In addition, the hotel’s parent company – The Lanka Hospitals Corporation – also experienced its first year of profits, which took the company’s financial statements into the black in accordance with the timetable laid down at its launch.

Some significant financial milestones for the company which were reported included a turnover of Rs 1831.79 million which was up by 11 percent from the year before. Furthermore, Earnings before Interest Depreciation Taxation (EBIDTA) was up at Rs 317.93 million, a 29 percent increase over the year before. In addition, indicators highlighting the strength of a public company were also favourable.

Beyond the reported financials indicating above par growth, there are other important elements to also indicate Apollo’s strengthening position in the market.

A burst in the number of information centres and off-site clinics from 4 to 8 over the last year has further affirmed the hospital’s position as one of Sri Lanka’s largest and fastest growing healthcare providers.

Cardiology continues to perform well and is the foundation of Apollo’s strength in Sri Lanka. To date, there have been an estimated 6,000 procedures performed successfully, while the hospital has successfully negotiated over one and half million patient interactions.

Especially significant over the last year has been the many milestones achieved in cochlear implants with 17 performed over the last year.

The hospital company said in a statement that it envisages breaking into the health tourism market which is expanding by 20 percent every year, and securing a niche market for competitively priced health vacations.

In order to cater to the growing trend Apollo plans to offer the entirety of anti-ageing and cosmetic treatments which are in huge demand by the ageing population of the developed countries. These treatments are offered at one tenth the cost as in the West.

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