Apollo Health and Lifestyle (AHLL), a wholly owned subsidiary of Apollo Hospitals Enterprise, has successfully completed the acquision of Nova Specialty Hospitals. Through this acquisition AHLL endeavours to provide superior value to patients and doctors with an enhanced reach and high quality services.

Nova Specialty Hospital's existing centres will serve as new centres under the Apollo brand name and will benefit from Apollo's legacy of expertise, clinical excellence and empathy. This acquisition fits into the growth strategy of AHLL, providing a larger footprint, including in some markets where the company has no presence currently.

Shares of the company declined Rs 20.05, or 1.77%, to trade at Rs 1,111.05. The total volume of shares traded was 4,331 at the BSE (11.37 a.m., Tuesday).