CCI Clears Apollo Hospitals’ Pharmacy, Digital Health Restructuring Into Apollo Healthtech

The Competition Commission of India has approved Apollo Hospitals Enterprise Ltd.’s proposed restructuring of its pharmacy and digital health platforms by transferring them into a new company, Apollo Healthtech Ltd., the company said in an exchange filing on Wednesday.

Apollo Hospitals announced on June 30 a corporate reorganisation to demerge its omni-channel pharmacy, digital health platform Apollo 24/7, and telehealth businesses—currently housed under subsidiary Apollo HealthCo Ltd.—into Apollo Healthtech.

As part of the approved scheme, Apollo HealthCo and acquired distributor Keimed Pvt. Ltd. will be merged into Apollo Healthtech, consolidating online and offline pharmacy and distribution operations under a single platform.

Shareholders of Apollo Hospitals will receive 195.2 shares of Apollo Healthtech for every 100 shares held. Apollo Hospitals will retain 15% stake in the new company along with board representation.