Mumbai: Cloudnine Hospitals, certainly one of India’s main maternity and paediatric care chains, will acquire Apollo Cradle and Apollo Fertility, a community of maternity and toddler care centres throughout India.
Beneath the transaction, Apollo Well being and Way of life Restricted (AHLL), will maintain a 9.9% stake within the mixed entity, making it the most important non-financial shareholder, and also will safe board illustration via a nominee director, AHHL introduced on Wednesday.
The deal values AHLL’s standalone mother-and-child and fertility verticals at round ₹1,550 crore via a mixture of money consideration and fairness within the merged platform.
Cloudnine has signed an exclusivity settlement to acquire Apollo Cradle and the proposed transaction is predicted to worth the enterprise at round ₹1,500 crore, ET first reported in October final yr. Earlier in June final yr, ET first reported that Apollo Hospitals Enterprises Ltd (AHEL) had appointed a banker to scout for patrons for Apollo Cradle.
Beneath Apollo Cradle, AHLL operates a chain of 12 maternity centres in Hyderabad, Bengaluru, Chennai, Delhi NCR and Punjab, whereas below Apollo Fertility, AHLL operates a chain of 20 fertility centres throughout India.
The mixed entity will function greater than 55 centres throughout key Indian markets, bringing collectively the strengths of Apollo Cradle, Apollo Fertility and Cloudnine below a unified administration construction.
The platform goals to improve entry to specialised maternity, fertility, neonatal and ladies’s healthcare providers throughout numerous geographies and earnings segments, whereas leveraging one of many nation’s largest swimming pools of senior clinicians supported by world scientific governance requirements, the corporate mentioned.
“Collectively, we’re India’s largest maternity community and doubtlessly one of many world’s largest platforms devoted to girls and youngsters’s well being,” AHLL Chairperson Dr Sangita Reddy mentioned, including that Apollo would proceed to broaden its girls’s healthcare capabilities throughout preventive, tertiary and specialised care segments.
Based in 2006 by neonatologist Dr. R. Kishore Kumar together with co-founders Rohit M.A., M. Ramachandra, and Vidya Kumar, Bengaluru-based Cloudnine Hospitals is a well-liked model in maternity and paediatric healthcare.
Operated below Youngsters Clinic India Ltd, Cloudnine at present has 40 centres (as of March 2025) throughout main Indian cities. Personal fairness agency True North, TPG NewQuest and Temasek collectively maintain round 77% stake in Cloudnine. The promoter group owns roughly 10%, with the stability held via ESOPs.
Cloudnine had filed a draft pink herring prospectus (DRHP) in 2022 to elevate round ₹1,200 crore via an preliminary public providing (IPO). The plan, nevertheless, was deferred due to unstable market circumstances.
India’s mom and childcare market, estimated at round ₹30,000 crore, is projected to develop at a 15% compound annual fee over the following few years.
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