LifeSpring Hospitals is an Indian hospital chain, which provides maternity care to women from the low-income group in

Hyderabad Hyderabad is the capital and largest city of the Indian state of Telangana. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part of Southern India. With an average altitude of , much ...

, India. Established in 2005, it is a 50-50

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

between $30-million Acumen Fund, a U.S.-based nonprofit global

venture philanthropy Venture philanthropy is a type of impact investment that takes concepts and techniques from venture capital finance and business management and applies them to achieving philanthropic goals. The term was first used in 1969 by John D. Rockefeller ...

fund and HLL Lifecare Limited, a

Government of India The Government of India (ISO 15919, ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of States and union t ...

-owned corporation and the largest manufacturer of condoms in the world. As of September 2017 it provided affordable healthcare to 5,500,000 women with its ten hospitals in

, and one hospital in

Visakhapatnam Visakhapatnam (; List of renamed places in India, formerly known as Vizagapatam, and also referred to as Vizag, Visakha, and Waltair) is the largest and most populous metropolitan city in the States and union territories of India, Indian stat ...

, Andhra Pradesh, India, providing maternity and

pediatric Pediatrics (American English) also spelled paediatrics (British English), is the branch of medicine that involves the medical care of infants, children, adolescents, and young adults. In the United Kingdom, pediatrics covers many of their youth ...

care at 30-50 percent of market rates, and is the first healthcare chain to join the 'Business Call to Action' (BCA), an initiative of

United Nations Development Programme The United Nations Development Programme (UNDP) is a United Nations agency tasked with helping countries eliminate poverty and achieve sustainable economic growth and human development. The UNDP emphasizes on developing local capacity towar ...

(UNDP) and

UN Global Compact The United Nations Global Compact is a non-binding United Nations pact to get businesses and firms worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. The UN Global Compact is the world's ...

amongst others, to reduce poverty, hunger, disease, and maternal and child deaths by 2015.

History

The first LifeSpring hospital was started on 10 December 2005 in Moula-Ali, on the outskirts on

, India, as a pilot project within Hindustan Latex Family Planning Promotion Trust (HLFPPT) of

Hindustan Latex Limited HLL Lifecare Limited (formerly Hindustan Latex Limited) (HLL) is an Indian healthcare product manufacturing company based in Thiruvananthapuram, Kerala, India. It is a Government of India -owned corporation (public-sector undertaking). Produc ...

, now HLL Lifecare Limited (HLL) for low-cost healthcare. In February 2008, it was formed as into a private limited company with 50-50 joint venture between Acumen Fund, a U. S.-based nonprofit global venture philanthropy fund and HLL. The project was headed by Anant Kumar, who was till then the business head of Social Franchising in HLFPPT, who later became Life-Spring's CEO. HLL is a

public-sector undertaking Public Sector Undertakings (PSU) in India are government-owned entities in which at least 51% of stake is under the ownership of the Government of India or state governments. These types of firms can also be a joint venture of multiple PSUs. ...

under the

Ministry of Health and Family Welfare The Ministry of Health and Family Welfare (MoHFW) is an Government of India, Indian government Ministry (government department), ministry charged with health policy in India. It is also responsible for all government programs relating to family ...

, while New York-based Acumen, was established in 2001, with seed capital from the

Rockefeller Foundation The Rockefeller Foundation is an American private foundation and philanthropic medical research and arts funding organization based at 420 Fifth Avenue, New York City. The foundation was created by Standard Oil magnate John D. Rockefeller (" ...

Cisco Systems Cisco Systems, Inc. (using the trademark Cisco) is an American multinational corporation, multinational digital communications technology conglomerate (company), conglomerate corporation headquartered in San Jose, California. Cisco develops, m ...

Foundation and three individual philanthropists. The hospital established a model of building a chain of small-sized (25-bed) hospitals specializing in standard maternity services thus provide low-cost services in high-density area populated by low-income groups. It also provides pediatric care, including immunizations, and offers diagnostic services, pharmacy and healthcare education to the local communities. It uses CRM to track customers in real time and runs a web-based patient database. Mr. Anant Kumar was part of the roundtable of "entrepreneurs with innovative models", at the Trident Hotel, Mumbai, during the November 2010, visit of US president,

Barack Obama Barack Hussein Obama II (born August 4, 1961) is an American politician who was the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, he was the first African American president in American history. O ...

. Mr. Anant Kumar was the CEO of LifeSpring till January 2013. Later, Mr. Sushmit Mitra took over as CEO. Under him, LifeSpring established one hospital in Vizag and has grown from around 350 deliveries per month to about 550 deliveries per month. He was the CEO till June 2017. Currently, LifeSpring Hospitals offers its services through 11 branches and 8 extension centers. Of these, 10 branches and 8 extension centers are in Hyderabad, India and one branch is in Visakhapatnam. LifeSpring delivered around 20,000 healthy babies in the last 3 years. Since inception LifeSpring has delivered a total of 50,000 healthy babies. Annually, LifeSpring Hospitals deliver about 6% babies born in the city of Hyderabad.

References

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External links

Official website
Hospital networks in India Companies based in Hyderabad, India Health care companies of India Hospitals established in 2005 Hospitals in Hyderabad, India Social enterprises 2005 establishments in Andhra Pradesh Maternity in India Maternity hospitals in India