Kochi: The American capital venture company of Acumen Fund is planning an equity investment of Rs 4.5 crore in the Kerala-based AyurVAID Hospitals to start a chain of low-cost ayurvedic treatment centers all over India. The funds would be utilized to start 6 hospitals with 15-30 beds in six different cities including Bangalore, Mumbai, Chennai and Hyderabad in one year.
Acumen Fund has made substantial investments in business start-up entities in Asia and Africa in various sectors like health, housing and water among others. In India, the fund has invested over US$ 16 million till date and in Kerala AyurVAID Hospitals would be its first investment venture.
The promoting company of AyurVAID Hospitals operates a 15-bed treatment centre in Kochi and a 60-bed hospital in Aluva in Ernakulum district. The company has plans to start 40 hospitals with in-patient facilities over the next four years. The hospital is stressing on inexpensive healthcare options that are well within the reach of the low and middle income groups, particularly for the management of chronic illnesses including skin disorders, metabolic and degenerative disorders, chronic headaches and poor immunity.
Evidences prove that Ayurvedic classical texts written in India between 3,500 and 5,000 years are of relevance even today. Research studies have proved that many therapies and treatment methods prescribed in Ayurveda are applicable even today. Efforts should be taken to preserve and propagate this traditional Indian system of medicine, which were passed down the generations since eons of years.
Kerala to get a chain of low cost ayurvedic treatment centres
June 14, 2008 by usha123
