HLL Lifecare ties up with Acumen fund to set up low-cost hospitals

Details: Category: Industry Overview

HLL Lifecare (formerly Hindustan Latex Ltd, a mini ratna) has entered into 50: 50 joint-venture with Acumen fund of USA to set up 100 hospitals across India by 2013. This will be a non-profit venture where the costs will be low to make them affordable for low income classes. For eg. Normal delivery for pregnant women will cost Rs.1499/- and a caserian with 5 days hospitalization (Rs.5999/-) Currently, 6 Life Spring hospitals are in operation in AP. By next year, 6 more will be set up in AP, 4 in Maharashtra and 8 in Karnataka.

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