Saturday, December 10, 2011

Manappuram’s MAcare Inaugurated in Kochi, Largest Diagnostics Centre in Kerala

Union Minister KV Thomas today inaugurated Manappuram Group’s diagnostics and dental care centre in Kochi. Branded as MAcare, this 17,000 sq ft integrated facility is the largest diagnostics centre in Kerala.

The International Dental Hospital was inaugurated by Hibi Eden, Member of Kerala Legislative Assembly.  The Pharmacy Division was inaugurated by Sebastian Paul, former MP.

Presiding over the occasion was Tony Chammany, Mayor of Kochi Corporation. The Welcome Speech was by Manappuram Group Executive Chairman, VP Nandakumar.

MAcare is a proposed 50-centre diagnostics chain promoted by Manappuram Group with an investment of Rs. 1000 crore. The highlight of the Kochi centre is its industry leading size, an exclusive Day Surgery Centre, and the latest diagnostics equipments.

Manappuram has also launched a retail jewellery chain, branded as Riti Jewelry, for which it is tying up Rs. 100 crore in PE funds shortly. According to Nandakumar, the Group is in talks with a few PE funds with which it already has associations for its listed and flagship company, Manappuram Finance Ltd (BSE: 531213, NSE: MANAPPURAM).

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