Amar Ujala enters healthcare biz with Rs 200 cr investment plan
MUMBAI: Leading print media company Amar Ujala Group has diversified by entering the healthcare business. The group has set aside Rs 200 crore for next few years for investment in Ujala Healthcare and is looking for strategic partners.
The company plans to set-up three to four hospitals in UP and Uttarakhand. The aim of the company is to provide facilities and state of the art technology in small towns in India where healthcare facilities are uneven and not dependable.
Ujala Hospital in Kashipur area of Uttaranchal near Jim Corbett National Park is the first hospital of its kind. Three hundred kilometers away from Delhi, complex surgeries like cranioplasty and laparoscopic surgeries are being performed on a regular basis.
Equipped with state of the art Operation Theatres, Cath labs, ICU and Dialysis units, Ujala Hospital, the biggest hospital in the area is a model healthcare centre.
Commenting on the development, Amar Ujala director Probal Ghosal said, “Amar Ujala is creating a modern healthcare brand based on the principles of awareness and social equity in Tier- 2 and Tier- 3 cities of India. The business is about care, not just healthcare.”
“The idea is not to just run hospitals but introduce global standards to those with limite access to quality healthcare outside the metros. In keeping with the Group’s ethos, there’s a clear social dimension to the business which involves creating awareness for good health, a timely need for medical tests, diagnosis, postoperative recovery standards and above all bringing back the trust in the medical system which is hugely lacking outside the metros,” he added.
Amar Ujala is number 3 Hindi newspaper with a total readership of 4.65 crore. In the last five years, the group has diversified into digital, digital TV, activations and outdoor, commercial printing and educational books business.