Apollo Hospitals acquired 60% of AyurVAID and focuses on the medical value market and integrated medicine
by
ANNU
According to the corporation, the major investment will be used to update current facilities, establish new facilities, develop enterprise platforms, and fund digital health projects.
Apollo Hospitals has announced the completion of formal agreements to acquire a 60% share in AyurVAID via a mix of primary and secondary capital investment. The total sale price, including both original and secondary investment, is around Rs 26 crore.
According to the corporation, the major investment will be used to update current facilities, establish new facilities, develop enterprise platforms, and fund digital health projects. Starting with an estimated income of over Rs 15 crore for FY23, the objective is to reach Rs 100 crore over the next three years.
AyurVAID was the first Ayurveda hospital in India to be approved by the National Accreditation Board for Hospitals and Healthcare Providers (NABH). It was also the first recipient of the National Quality Award in the Ayurveda industry. Currently, the hospital contains eight inpatient hospitals as well as four hospital-within-a-hospital units.
Preventive Care, Acute-on-Chronic Care, Post-Emergency Care, and Promotive Care are the phases of treatment. AyurVAID pioneered cashless Ayurveda treatments by partnering with major insurance providers and institutions. The goal of Apollo Hospitals' purchase of a share in AyurVAID is to provide a unique co-managed care model that integrates contemporary medicine with Ayurveda.
Ayurveda has a rising impact on holistic healthcare and wellness tourism, in addition to the widespread acceptance of the system among Indian patients. Since 2015, the Global Ayurvedic Market has grown at a compound annual growth rate of 16.2%, demonstrating the increasing demand for supplementary medicine and therapeutic wellness experiences.
The advent of Ayurveda institutes with worldwide certifications of quality practise is driving the expansion of medical and wellness tourism in the country, with a particular emphasis on the treatment of major non-communicable illnesses across medical specialities and for rehabilitation. Ayurveda has positioned India as a truly world-class destination for health and medicine.