Healthspring has established its foothold in Mumbai and has now announced the launch of four new centres at Powai, Vashi, Thane and Andheri, making a total number of seven centres across the city.
Speaking about the company’s financials, Kaushik Sen, CEO and Co-Founder, Healthspring informed that their centres based in Khar, Juhu and Kemp’s Corner have achieved breakeven. The company has also strengthened its city wide 24×7 medical emergency response system with a helpline number, tied-up with ICICI Lombard to support ICICI’s corporate insurance scheme and raised its second round of funding with Asian Healthcare Fund (AHF) recently investing Rs 22 crores for the company’s expansion.
The company also plans to launch 10 additional centres across Mumbai by the end of this year and has set a target to branch out to other cities in India.
It will be launching 200 centres across India in the next three years. It will also launch its community medical centres in cities like Delhi, Kolkata, Hyderabad, Bengaluru and Chennai by 2014.
The company plans to raise the next level of funding very soon in order to expand pan India. The company intends to raise additional Rs 50-60 crores from its existing investors that include Catamaran Ventures, Reliance Venture Asset Management and BlueCross BlueShield Venture Partners which would be utilised to expand its business across India.
EH News Bureau