LifeSpring Hospitals is an Indian hospital chain, which provides

maternity care Midwifery is the health science and health profession that deals with pregnancy, childbirth, and the postpartum period (including care of the newborn), in addition to the sexual and reproductive health of women throughout their lives. In many co ...

to women from the low-income group in

Hyderabad Hyderabad ( ; , ) is the capital and largest city of the Indian state of Telangana and the ''de jure'' capital of Andhra Pradesh. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part ...

, 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 acces ...

between $30-million

Acumen Fund Acumen (formerly known as Acumen Fund, legally Acumen Fund, Inc.) is a nonprofit impact investment fund focused on investing in social enterprises that serve low-income individuals in United States. Acumen was founded in April 2001 by Jacqueline ...

, a U.S.-based nonprofit global venture philanthropy fund and

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

, a

Government of India The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, c ...

-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 , image_alt = , image_caption = From top, left to right: Visakhapatnam aerial view, Vizag seaport, Simhachalam Temple, Aerial view of Rushikonda Beach, Beach road, Novotel, Novotel Visakhapatnam, INS Kursura (S20), INS ...

, Andhra Pradesh, India, providing maternity and

pediatric Pediatrics ( also spelled ''paediatrics'' or ''pædiatrics'') is the branch of medicine that involves the medical care of infants, children, adolescents, and young adults. In the United Kingdom, paediatrics covers many of their youth until the ...

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)french: Programme des Nations unies pour le développement, PNUD is a United Nations agency tasked with helping countries eliminate poverty and achieve sustainable economic growth and human dev ...

(UNDP) and

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

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 Moula-Ali commonly known as Moula Ali . It is a well-developed industrial and urban area in Malkajgiri Mandal, of the Medchal-Malkajgiri district, It is a part of Greater Hyderabad and also a part of Hyderabad Metropolitan Region of the India ...

, 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. A Government of India -owned corporation (Public-sector undertaking). Products It ...

, now

(HLL) for low-cost healthcare. In February 2008, it was formed as into a private limited company with 50-50 joint venture between

, 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 A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the governmen ...

under the

Ministry of Health and Family Welfare The Ministry of Health and Family Welfare is an Indian government ministry charged with health policy in India. It is also responsible for all government programs relating to family planning in India. The Minister of Health and Family Welfare ...

, 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 second-oldest major philanthropic institution in America, after the Carneg ...

Cisco Systems Cisco Systems, Inc., commonly known as Cisco, is an American-based multinational corporation, multinational digital communications technology conglomerate (company), conglomerate corporation headquartered in San Jose, California. Cisco develo ...

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 served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, Obama was the first African-American president of the U ...

. 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

{{Reflist, 33em

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