JV Ventures announced the launch of The Medical Centre (TMC), a real estate solution aims to create healthcare facilities by bringing together medical services and integrated wellness under one roof. The first TMC centre will be operational at HITECH City in Hyderabad in the next six months.
Raja Jain was appointed as the CEO of TMC. Raja comes with experience in development and leasing of commercial and retail assets.
Each centre is designed to be code compliant and with amenities like stretcher lifts, ample parking, wheelchair access, and professionally managed facilities. The company aims to open 75 centres across key cities including Bengaluru and Pune in the next five years with a target investment of USD 600 million.
TMC is also complemented with two offerings – The Specialist and Prescriptions. The Specialist offers a medical co-working space for doctors with flexible leasing models. These fully furnished spaces within medical centres are complemented with trained support staff and facility management services that minimise administrative burden and costs for doctors. Prescriptions is the venture capital arm that provides access to funding for doctors to take up entrepreneurship. Through its pool of funds raised from angel investors, family offices and high net worth individuals, Prescriptions offers equity-linked investments to young medical professionals looking to establish themselves as independent practitioners.