Sukino Healthcare Solutions plans to expand its presence in the Bangalore and Kochi markets and expand into Chennai, Hyderabad and Vijayawada, a top company executive said.
The firm provides complete hospitalization, rehabilitation and palliative care to patients in any transitory state for speedy recovery.
Founder and CEO Rajneesh Menon said, “We currently have 150 beds at six centers in Bengaluru and Kochi and the aim is to have 500 beds in two years.”
“We plan to have 1,500 beds by 2025,” he said.
He said that the demand for rehabilitation care outside the hospitals is increasing as usually the hospitals providing such facilities want free beds for fresh patients and the services offered there are expensive as compared to continuing care facilities like Sukino.
The firm’s 300 employees provide services to more than 1,000 patients at its six centers at any given time and they have treated more than 5,000 patients so far.
He said that patients who require extended care stay at the firm’s centers for three months and make up about 70–80% of the capacity at any given time.
The firm only charges for those days when the patient stays there and services start at 1,000 1,000 per day and at the firm’s facilities for comprehensive rehabilitation and curative care up to 4,500 for basic care at home. He said that the cost is a quarter of what the patient usually pays in the hospital.
It has raised a grand total of $ 1.5 million from Marquee HNIs and their family offices such as Krik Gopalakrishnan, after starting with a small investment of less than 10 lakhs.
The firm has been EBITDA positive for 18 months and is continuously investing to increase spending to increase bed capacity and clinical care capabilities, Mr. Menon said.
“The year-over-year growth has been between 60% and 75% since 2016 and we expect this growth to continue, as we see a huge demand for our services modules,” the CEO said.
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