September 01, 2008

Kerala's AYURVAID to set up 40 hospitals across India

After establishing two hospitals in Kerala, AYURVAID Hospitals has now finalised a national roll-out initiative, planning to have 40 Ayurveda hospitals integrated with modern medicine across the country, its Managing Director Rajiv Vasudevan said.

AYURVAID at present has a 15-bed hospital in Kochi and 60-bed one in Aluva and the third one - a 25-bed facility - is all set to be opened here, he said. Five more hospitals are planned in the first phase over the next six-eight months.

"We are looking at a mix of metros, tier-II cities and perhaps one tier-III city (for opening the five hospitals)", Vasudevan told PTI here. "The goal is to have 40 hospitals (both company-owned and company-managed) in four years".

Two-third of the proposed 40 hospitals would be 15-bed ones and the remaining 50-bed ones. "We will focus on bottom of the pyramid with 60 per cent of its capacity focussed on poor patients", he said.

AYURVAID has received a Rs 4.5 crore funding from Acumen, one of the world's largest fund for social ventures, with the latter picking up a minority state n the AYURVAID, a division of kerala First Health services Pvt Ltd.

This money is sufficient for expansion plans in the first phase, he said, indicating that funds for the bigger roll-out thereafter would not be a problem. "There is active interest by a lot of people in the sector", he said, also noting that establishing Ayurveda hospitals is not capital-intensive.

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