Sanofi invests in Apollo clinics

Sanofi picks 20 percent stake in Apollo Sugar Clinics for Rs 90 crore

ms-sangita-reddy-apollo-and-mr-shailesh-ayyangar-sanofi

Ms Sangita Reddy, chairperson, Apollo Sugar and Mr Shailesh Ayyangar, vice president-South Asia, Sanofi

Apollo Health and Lifestyle Limited (AHLL) has announced that Sanofi India has invested into Apollo Sugar Clinics Limited (ASCL). Apollo Sugar is a disease management clinic.

Through this investment, both Apollo and Sanofi would endeavour to expand Apollo Sugar to provide superior value to patients and Doctors with an enhanced geographic reach, and provide high quality outcome oriented set of services.

Commenting on the collaboration, Dr Prathap Reddy, chairman and founder, Apollo Hospitals Group shared,  "I am confident that with this investment, Apollo Sugar Clinics is even better positioned to offer patients advanced care and counselling for diabetes management. This is a good start towards improving the diabetes management programme in India and I am delighted to be partnering with Sanofi, a global leader in diabetes management. Our shared vision will provide a new approach to diabetes care to benefit patients in India and other parts of the world."

Commenting on the investment, Mr Neeraj Garg, CEO, AHLL said,"The investments made by Sanofi, and the strong support of both our shareholders, enables us to grow our footprint to offer our services at many more clinics across India, and provide millions of Diabetic customers' access to world class care at their doorstep."

 

 

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