Cloudnine Hospitals leads race to acquire Apollo Cradle

Apollo Cradle, a unit of Apollo Specialty Hospitals, runs a network of maternity and infant care centres across India. Its operations span about 363 beds across 13 hospitals in key markets such as Bengaluru, Chennai, Amritsar, Uttar Pradesh, Delhi-NCR, Gurugram and Hyderabad. In the last fiscal year, the company incurred a ₹40 lakh net loss, according to its annual report.