March 21, 2008

MedPlus plans 200 health clinics in next 1 year

Pharmacy retail chain MedPlus Health Services Ltd is setting up integrated health centres (IHCs) for a bigger bite of the $35 billion health care industry.

Madhukar Gangadi, founder & CEO, MedPlus said the company, which will kick off with 20 IHCs in Hyderabad initially, plans to have 200 clinics over the next 12 months across eight states.

Apart from pharmacy, the IHCs will have family clinics and offer diagnostic services. Each will provide the benefit of three doctors including a general practitioner, a gynaecologist and a paediatrician.

The IHCs will cost Rs 40-60 lakh each, said Gangadi.

The group, which also operates the Cornerstone chain of tailoring shops, has tied up 50 practising physicians who will provide consultation services at the IHCs.

Significantly, while the pharmacy outlets were company-owned so far, MedPlus has now decided to take the franchise route hereon.

This will help the company, which operates 300 pharmacy outlets in four states with an estimated share of 25-30% of the branded pharmacy business, is looking to ramp up the number to 1,000 outlets in the next 12 months.

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