• Receives USD 7.5 Million International Investment
• Plans Expansion in India and the US

Following the winning of ‘the single largest order for Medical Business-Process Outsourcing, in the provider segment, into India’ some time back, Apollo Health Street Limited reached yet another milestone with the signing of an agreement with Maxwell Mauritius, a wholly-owned subsidiary of Singapore-headquartered, Temasek Holdings and One Equity Partners, a private equity affiliate of J.P. Morgan Chase & Co to invest USD 7.5 million in the company. This investment is a ratification of the inherent strengths of the company, its growth over the past three-years and speaks for the growing global healthcare opportunity.

With this new investment, Apollo Health Street is expected to expand and strengthen its operations in India, invest in customer-facing capabilities in North America and strive for inorganic growth opportunities.

Upbeat on this development, Dr. Prathap C Reddy, Chairman, Apollo Hospitals Group, “Apollo Hospitals Group has been credited with putting India on the international healthcare map through various pioneering intiatives in the past. Taking this further is Apollo Health Street with its focus on the global IT and ITES services in the healthcare domain. I am pleased that this young venture has already started to attract attention from the international financial community, and the present investment by Temasek Holdings and One Equity Partners into Apollo Health Street is a reaffirmation of the Indian helathcare services opportunity”

“This is a milestone not only for us as a company but the Indian healthcare industry looking at serving the international market as a whole”

About Apollo Health Street

Apollo Health Street, a global healthcare focused company with its principle place of business in Hyderabad and New York, offers end-to-end medical BPO and IT services to US-based Physician groups, Hospitals and Payers. Apollo Health Street has grown rapidly over the past 3-years and has current staff strength of 600+ employees. It offers both BPO and IT services to its customers, including revenue cycle management, medical coding, claims processing, network management, software product lifecycle development and system implementation/integration.

Apollo Health Street is backed by the renowned Apollo hospitals group, headquartered in India whose integrated healthcare network involves 35 hospitals, 40 clinics and 100 plus pharmacy outlets, a workforce of 16000 including 4000 physicians.

About Temasek Holdings

Temasek Holdings is an Asia investment company headquartered in Singapore. Temasek Holdings manages a diversified global portfolio of S$90 billion, spanning Singapore, Asia and the OECD economies. Their investments are in a range of industries: telecommunications and media, financial services, property, transportation and logistics, energy and resources, infrastructure, engineering and technology, as well as pharmaceuticals and biosciences. Its recent investments in India include ICICI Bank, Matrix Laboratories, Tata Consultancy Services, Punj Lloyd, Welspun Industries and Mahindra and Mahindra.

About One Equity Partners

One Equity Partners manages $3.5 billion of investments and commitments for JPMorgan Chase & Co. in direct private equity transactions as well as venture and management buyout funds. Our investment professionals are located across North America and Europe, with offices in New York, Chicago, Detroit, and Frankfurt. One Equity Partners focuses on making majority-ownership investments in late-stage, middle-market companies, with an emphasis on corporate partnerships and divestitures.

For further information please contact

Ramnika Jain/ Santanu Gogoi
Corporate Voice | Weber Shandwick
Tel 91-11-26936834/ 35
Mob: 9810501794, 9810424271