The Hindu Business Line : Manipal Cure to invest Rs 400 cr in health stores

Ahmedabad, Jan 28 Manipal Cure & Care Pvt Ltd (MCC) has tied up with the Aditya Vikram Birla group and Jubilant Retail and is planning to invest nearly Rs 400 crore to open around 100 health outlets across the country by 2012. In the next 12 months , MCC will invest Rs 200 crore in in three verticals—health, wellness and beauty.

For the next three years, MCC would expand and manage these stores on its own and thereafter consider the franchisee model, Mr Tanjai Kapoor, Vice-President (Marketing), told Business Line here today. MCC had opened first its chain at a mall in Ahmedabad in August 2007.

Last week, it launched its "Wellness Mpower" card, the first national loyalty card in this segment, which will enable the member to create an Internet-based electronic medical record (EMR) system and offer a number of rebates and facilities.

By April this year, the chain will expand to Bangalore, Mumbai and Pune and thereafter to Vadodara, Hyderabad and Delhi. “In the next five years, we will have 100 retail outlets across India, spread over malls, housing complexes, airports and other places,” said Dr Satish Amarnath, Medical Director, MCC.

MCC is leveraging its expertise in healthcare, wellness and beauty businesses.

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