The 225-bed Vikram Hospital is now gearing up for its next growth phase and is open to chart the inorganic growth path, said Renuka Ramnath, founder, MD and CEO Multiples and chairperson Vikram Hospital.
The quaternary care facility in Bengaluru on its fifth anniversary and third year after its 100 per cent takeover by Multiples Alternate Asset Management, an India focused investment advisory company is now debt free after a fund infusion of Rs.175 crore along with revenue generated from its six specialties: cardiology, neurology, orthopaedic among others. It has already added 39 doctors taking the total medical team to 100, increased its medical offering to include family practice and obstetrics & gynaecology, followed by dental, surgical oncology, rheumatology.
The facility also went on to unveil its Alambana Foundation to perform 500 surgeries free of cost over five years for the underprivileged patients. These cover: cardiac, orthopaedic, neurology, spine, GI and urology. It will team-up with self-help groups, NGOs and other stakeholders to identify the patients that are in need of treatment.
“Now all bank loan issues are sorted out and pending salaries are paid. We are now ridden of all financial problems. Over the last five years, 1.5 patients accessed the facility for care. We have now bolstered our team of medical experts to take this hospital to the next level of growth, said Sudhir Pai, CEO, Vikram Hospital.
The organ transplant facility is also augmented to conduct liver and bone marrow interventions. Currently, only related donor transplants are performed. Our key strength is the pool of doctors to ensure best surgical outcomes. The hospital is an international centre for epilepsy care where foreign patients come in for treatment and surgical interventions, said Dr. Ranganath Nayak, medical director, Vikram Hospital.
Further, Vikram Hospital is the first medical centre in Karnataka to receive NABH Safe 1 accreditation for adopting best infection control practices and also introduced Happy To Help (HTH) to ensure personalized care.
“Healthcare is a promising sector for private funding and Multiples is keen fund this sector. So long capital market and particularly IPOs have been the main source of funding, now the private equity sector is upbeat about healthcare sector. We made a turnaround of Vikram by funding it at the right intervals. It was our long-term investors that channelized resources to drive patient care with successful medical outcomes. This hospital is financially stable and has the capacity to double its growth by 2.5 times, besides lead by example in its efforts to turnaround as a profitable model, said Ramnath who was in Bengaluru in connection with Vikram’s five year commemoration.