Dhaka’s Apollo becomes Evercare Hospital | The Business Standard
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Wednesday
June 07, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
WEDNESDAY, JUNE 07, 2023
Dhaka’s Apollo becomes Evercare Hospital

Health

TBS Report
31 March, 2020, 10:05 pm
Last modified: 01 April, 2020, 01:19 pm

Related News

  • Khaleda Zia returns home from hospital
  • Khaleda Zia to be taken to Evercare Hospital for check-up today afternoon
  • Khaleda Zia admitted to Evercare for tests
  • Khaleda Zia to be taken to hospital for checkup
  • MoU signed between City Bank and Evercare Hospitals

Dhaka’s Apollo becomes Evercare Hospital

Following a foreign direct investment of over Tk1,000 crore, the rebranded hospital has become part of Evercare Group’s global chain of 28 hospitals

TBS Report
31 March, 2020, 10:05 pm
Last modified: 01 April, 2020, 01:19 pm
Photo: Collected
Photo: Collected

Apollo Hospitals Dhaka will become Evercare Hospital Dhaka with effect from April 1 this year.

International healthcare group Evercare stated this in a press release.

The rebranding follows Evercare and CDC Group's acquisition of a controlling interest in STS Holdings Ltd – the infrastructure owner and operator company of the premium hospital in the capital. 

Following the acquisition and rebranding, Evercare Hospital Dhaka has joined Evercare Group's network of hospitals that operate across South Asia and Africa. 

With a portfolio comprising 28 hospitals, 18 clinics, 54 diagnostic centres and two hospitals under construction, Evercare aims to continuously improve quality and standardised care to improve clinical outcomes and patient safety. 

Evercare is wholly owned by the Evercare Health Fund, a $1 billion emerging markets healthcare fund managed by The Rise Fund, the impact investment platform of global asset manager TPG. 

TPG is a leading investor in healthcare globally, having invested over $15 billion in the sector. 

"Being part of the global healthcare group enables us to benefit from Evercare's clinical and operational expertise, helping us to improve patient outcomes whilst reducing costs and driving efficiency," said Dr Ratnadeep Chaskar, chief executive officer of Evercare Hospital Dhaka. 

Evercare Hospital Dhaka will continue to provide premium care via its state-of-the-art facility. 

In addition to streamlining procurement and optimising operations, Evercare Group intends to enhance the hospital's clinical capabilities by establishing super specialty departments within cardiac services, liver transplants and oncology. 

The group also plans to open Evercare Hospital Chattogram in the second half of the year. With a capacity of 400 beds, this hospital will address the growing needs of the communities in southern Bangladesh. 

"Our investment in Bangladesh's healthcare sector is fully aligned with our mission to serve emerging markets requiring access to quality and comprehensive care," said Andrew Currie, chief operating officer of Evercare. 

According to sources, the foreign group recently invested more than Tk1,000 crore to acquire over 55 percent of the shares of STS Holdings – the largest ever foreign direct investment in the country's healthcare industry. 

STS had been running the hospital under a franchise agreement with the outgoing premium international healthcare group Apollo.  

Bangladesh / Corporates / Top News

Evercare Hospital / Apollo Hospitals Dhaka

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Prime Minister Sheikh Hasina. TBS Sketch
    External forces won't put BNP in power, they would rather use the party against govt: PM Hasina
  • Amir Hossain Amu.
    None was called for talks over polls: Amu
  • Prime Minister Sheikh Hasina. Sketch: TBS
    Electricity problem to end within 10-15 days: PM Hasina

MOST VIEWED

  • Photo: Rehman Asad
    Controlling trans-fat use must to safeguard public health: Experts
  • Health Minister Zahid Maleque. Photo: Collected.
    Community clinics help bring healthcare to people's doorsteps: Maleque
  • 2 dengue patients die, 147 hospitalised in 24 hrs
    2 dengue patients die, 147 hospitalised in 24 hrs
  • Photo: Courtesy
    UNOPS, WaterAid collaborate on sustainable WASH services in Bangladesh
  • Photo: Noor-A-Alam
    Pest control worker remanded over two children's death
  • Gavi extends aid 3 more years for Bangladesh's immunisation programme
    Gavi extends aid 3 more years for Bangladesh's immunisation programme

Related News

  • Khaleda Zia returns home from hospital
  • Khaleda Zia to be taken to Evercare Hospital for check-up today afternoon
  • Khaleda Zia admitted to Evercare for tests
  • Khaleda Zia to be taken to hospital for checkup
  • MoU signed between City Bank and Evercare Hospitals

Features

Illustration: TBS

Why aspiration mismatch is a bigger challenge than skill mismatch

8h | Pursuit
Akhand Bharat: What's in a map?

Akhand Bharat: What's in a map?

12h | Panorama
Treatment is a byproduct, not the focus: Inside Bangladesh's largest specialised burn institute 

Treatment is a byproduct, not the focus: Inside Bangladesh's largest specialised burn institute 

9h | Panorama
Marcus Ashworth/Columnist

Brics raging against the dollar is an exercise in futility

8h | Panorama

More Videos from TBS

DU students are suffering due to electricity

DU students are suffering due to electricity

6h | TBS Stories
'Lal Biroi' in Gaibandha

'Lal Biroi' in Gaibandha

7h | TBS Stories
Imran fears re-arrest

Imran fears re-arrest

1d | TBS World
Zlatan Ibrahimovic retires from football

Zlatan Ibrahimovic retires from football

1d | TBS SPORTS

Most Read

1
bKash denied permission to pay $4.10 lakh for Argentina football partnership
Banking

bKash denied permission to pay $4.10 lakh for Argentina football partnership

2
Photo: Noor-A-Alam/TBS
Splash

The Night Dhaka did NOT vibe with Anuv Jain

3
Country's first floating solar power plant connected to national grid
Energy

Country's first floating solar power plant connected to national grid

4
Photo: TBS
Environment

Green space in Dhaka North declines 66% in 3 decades: Study

5
Photo: TBS
Energy

2nd unit of Payra power plant to shut down over coal shortage

6
Photo: Md Jahidul Islam
Environment

After Dhaka South, Dhaka North fells trees on Technical intersection

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]