Friday, August 18, 2006
Healthcare Goes Retail
Emerging Retail Formats
Healthcare in India is going Retail. Apollo Hospitals started off with Retail Pharmacies, and then moved into Retail Primary Care Centers. Over the last few years, several groups have set up retail pharmacies, and for most large hospital chains it seems de-rigeur to set up retail primary care centers.
But now, retail players are getting into mainstream healthcare, by partnering with healthcare companies. One of the more recent entries is that of the Pantaloon Group which has created a Joint Venture with Manipal Health Services, to set up 100 Care and Cure Stores across India. The first Manipal Care & Cure store will come up on a 7,000-sq. ft space on Old Madras Road in Bangalore.
The man behind this concept is Kishore Biyani, the CEO of the Future Group, which owns the Pantaloon Brand. Kishore Biyani is clearly a man in a hurry. And it seems like he will pull it off.
Healthcare in India is going Retail. Apollo Hospitals started off with Retail Pharmacies, and then moved into Retail Primary Care Centers. Over the last few years, several groups have set up retail pharmacies, and for most large hospital chains it seems de-rigeur to set up retail primary care centers.
But now, retail players are getting into mainstream healthcare, by partnering with healthcare companies. One of the more recent entries is that of the Pantaloon Group which has created a Joint Venture with Manipal Health Services, to set up 100 Care and Cure Stores across India. The first Manipal Care & Cure store will come up on a 7,000-sq. ft space on Old Madras Road in Bangalore.
The man behind this concept is Kishore Biyani, the CEO of the Future Group, which owns the Pantaloon Brand. Kishore Biyani is clearly a man in a hurry. And it seems like he will pull it off.
# posted by Srivathsan @ 11:02 AM 
