New joint venture enters Indian healthcare market

By Marc Castro

Oct 21, 2013 12:09 PM EDT

The promoter of Dabur India, the Burman family, is entering into the healthcare market through a joint venture with the founders of UK based 'Healthcare at Home'. The said joint venture would have the Burmans invest nearly INR200 crore in the said enterprise.

In exchange for the the said investment, the family would own 65% of the shares in the company, named Health Care at Home India. The rest of the shares would be owned by Gareth Jones and Charles Walsh, the founders of Healthcare At Home UK.

According to one of the members of the Burman family, Gaurav Burman, who told PTI, "Healthcare is a sector in which we hacve a heritage and great interest, it is a sector in which India is at its early stages of growth and we are keen to invest aggresively in this sector."

He added, "We believe that this venture will not only be successful but will have a beneficial influence on the healthcare industry in India."

The venture would be working with hospitals and doctors that offer homecare service for care in critical care, oncology, palliative, post operative and pulmonology.

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