BANGALORE-based Manipal Group has announced its foray into healthcare retail under the brand name Manipal Cure & Care (MCC). The group also intends to launch its brand of nutraceuticals and OTC drugs at the healthcare stores. The MCC outlets will be a combination of services and products with focus on prevention, wellness and monitoring, along with beauty and cosmetic services, catering to all age groups. These would be located in malls, hyper markets, high street locations and health cities.
The new company formed with an initial investment of Rs 50 crore is planning 50 outlets in the next five years, with ten opening this fiscal. The first two outlets would come up in Bangalore and Ahmedabad in July. The other outlets to open this year would be at NCR, Bombay, Pune and Hyderabad. Worldwide, wellness and preventive medicine is expected to exceed $ 1 trillion by 2010, said Somnath Das, COO of Manipal Cure & Care. Manipal is also looking at a range of products with the Manipal Cure & Care brand in the nutraceuticals and OTC drugs segment, to be retailed from these stores. “We are in the final stages of talks with US FDA approved plants in India for contract manufacturing of these drugs for us,” Dr Ranjan Pai, CEO of Manipal Education & Medical Group, said.
Apart from the services and products, the MCC outlets will also provide health and life insurance products from ICICI Prudential and ICICI Lombard. “We are also working with ICICI to create products for out patients,” Dr Pai said. The preventive services being offered include check-ups for diabetes, heart and liver, HIV-screening and vaccinations. The wellness services will include immunisations, baby clinic, eye-care and dietary counselling. The beauty and cosmetology section will offer services like cosmetic dermatology, dentistry and skin piercing.
ET
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