Keimed merges with Apollo Health Co; Combined enterprise value is Rs 22,481 crore

In a significant merger in the healthcare sector, wholesale pharma distribution company Keimed has merged with Apollo Health Co Limited (AHL), a subsidiary of Apollo Hospitals Enterprise Limited (AHEL). This takes the combined enterprise value of the two entities to Rs 22,481 crore. While Keimed is owned by the Apollo promoter's family, omni-channel healthcare platform AHL will leverage on the former's vast network.