LifeSpring Hospitals

LifeSpring : Lowering Cost and Raising Access to Maternal Care in India

HLL aims to provide dignified maternal healthcare at affordable costs to low-income mothers across India through LifeSpring - constrained government hospitals and expensive private hospital care. LifeSpring seeks to lessen the burden of rising health costs on the nation’s low-income communities thereby increasing their disposable income.

LifeSpring is a 50-50 joint venture owned by HLL Lifecare Ltd. and Acumen Fund (a US-based social venture capital fund). The board consists of 6 directors (including HLL's Chairman & Managing Director), with 2 directors each from HLL Lifecare and Acumen Fund, and 2 independent directors with extensive industry experience.

The hospital’s management team consists of professionals recruited from India and the US. The company’s corporate headquarters is located in Hyderabad in the state of Andhra Pradesh.

The mandate of the company is to operate small-sized (20 bed) maternity hospitals in the proximity of urban slums, catering to pregnant women whose husbands work in the informal sector and who have no health coverage. LifeSpring also provides paediatric care (including immunisations), diagnostic and pharmacy services, and health care education to the communities in which its hospitals are located.

The hospital currently operates 12 hospitals in the city of Hyderabad. LifeSpring plans to set up 100 hospitals across India in the next 5 years.

LifeSpring received the World and Business Development award recognised by United Nations Development Programme (UNDP) in 2010. The hospital also received the Mother and Child Healthcare Provider of the Year award from Frost & Sullivan and Leap of Faith award from ET Now under the healthcare category.

LifeSpring chain of hospitals has been written about extensively in some of the leading national and international magazines and journals like The Economist, Harvard Business Review, Forbes, Outlook, India Today, etc.

Website : http://www.lifespring.in/