Yash Birla to invest Rs 300 cr in healthcare
Yash Birla group plans to invest Rs 300 crore in the healthcare sector in the next three years through its Birla Wellness vertical, a top company official said in Mumbai.
"We would be investing Rs 300 crore in the next three years to enter the whole spectrum of health and wellness," Yash Birla Group Chairman Yash Birla said.
Three months ago, the group entered into a tie up with Apollo to set up a 200-bed hospital in Thane, near Mumbai, at an investment of Rs 110 crore.
On Thursday, the group announced the setting up of Evolve that would be involved in plastic surgery, implant and cosmetic dentistry, cosmetic deramatology and anti-aging medicine.
Yash Birla has tied up with Singapore-based Pacific Healthcare Holdings. Both the players would invest Rs 28 crore in Evolve in the first year when they would set up five Evolve facilities in Mumbai.
"In the next three years, we plan to take Evolve a pan-India operation by having 25 facilities," Birla said.