Emergency care provider Aapka Urgicare, promoted by ex-Max Healthcare CEO Pervez Ahmed, will open a chain of 110 clinics in North India in the next four years.
The newly started venture aims at plugging the gap between primary general practitioners and the emergency rooms of hospitals through its clinics, each of which will have an average area of 5,000 square feet.
“We plan to open 110 urgent care centres in North India in next four years. What we are following is an asset light model as most of the locations will be on long term leases,” Ahmed, who is the CMD of Aapka Urgicare, told PTI.
He said: “We will be opening 34 Urgent Care clinics in next 18 to 20 months at an investment of Rs 2.5 crore per clinic in Delhi and the National Capital Region.”
On the plans to raise finances for these clinics, Ahmed said: “The first five clinics will be fully funded by me. For the others it will be through private equity partners and by preferential debt.”
He said: “There is a huge opportunity as there is a big gap between primary general practitioners and the emergency rooms of tertiary care hospitals.”
The urgent care centre (UCC) will provide both ambulatory and emergency care for immediate medical treatment outside a hospital’s emergency room and will remain open 24 hours on all days.
All the UCCs will be located in densely populated urban and suburban areas and will capitalise on the ‘golden hour’, when immediate supportive care in life-threatening cases can save patients’ lives, Ahmed said.
“The company has also tied up with Denmark-based ambulance firm Falck to provide ambulances at all the centres,” he added.
The centres will also have tie ups with hospitals, both private and public, to facilitate hospitalisation of patients.
“Urgent care centres will provide care to the patients at half to one-third of prices being charged by the hospitals. Moreover, nearly 70 per cent of the patients who need emergency care do not require hospitalisation,” Ahmed said.
The company expects the centres to become EBDITA (earnings before interest, taxes, depreciation, and amortisation) positive by end of one and half years, as the model is low cost, low price and high turnover, he added.
Ahmed said the company also plans to open a training institute affiliated to a tertiary care hospital to sharpen the skills of paramedics, nurses and emergency medical doctors.