CHENNAI: Apollo Hospitals Enterprise Limited on Thursday announced acquisition of 60% stake in classical Ayurveda hospital chain, AyurVAID, in a combination of primary and secondary capital infusion.
The hospital group executed definitive agreements for the acquisition. AyurVAID is a classical Ayurveda medical care provider, differentiated by rigorous, professional and contemporary care pathways, with precision in protocols, documentation, clinical outcomes and safety. These values make it the perfect vehicle for Apollo Hospitals’ effort to strengthen its holistic and integrated care offering for patients, and to mainstream integrated medicine at scale in India.
The collaboration will ensure that tailored treatment pathways and options are available for patients, who will be treated by a multi-disciplinary clinical team, spanning allopathy and Ayurveda. The teams will carry forward the shared belief of evidence-based practice, a release from Apollo said here. Apollo Hospitals’ acquisition of stake in AyurVAID is aimed at delivering a unique co-managed care model, offering appropriate integration between modern medicine and Ayurveda.
Dr Prathap C Reddy, Chairman, Apollo Hospitals, said “our acquisition of a majority stake in leading Ayurveda hospital chain AyurVAID is a natural corollary to our mission to bring healthcare of international standards within the reach of every individual.”
“We believe there is immense scope to deliver evidence-based integrated medicine, combining allopathic and traditional models, to improve outcomes and quality of life for our patients”, he said.
The Apollo-AyurVAID partnership will be a beacon of hope not just for Indian citizens, but for medical value travellers globally.
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