Business Standard
Tuesday, May 22, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

Apollo-Trivitron JV rebrands dental care biz
BS Reporter / Chennai Feb 08, 2012, 00:35 IST

Alliance Dental Care, a subsidiary of Alliance Medicorp, has rebranded its dental clinics chain Apollo Dental Centres to White Dental Care. The company is a joint venture between Apollo Hospitals Enterprise Limited and medical technology company Trivitron Healthcare.

The company has launched four formats with a different pricing strategy, including Dental Spa as a super-specialty luxury brand, Dental Studio as the second line after the spa, Dental Clinics as neighbourhood clinics and Dental Express, which would mainly address the beauty aspects of dental care, with instant smile enhancement and teeth-whitening procedures in airports, malls and Apollo hospitals.

“At present, Apollo holds 70 per cent and Trivitron holds 30 per cent in the joint venture. We are planning to open five to seven spas and expand to 100 clinics in different formats,” said Pratap C Reddy, chairman of the Apollo Hospitals Group. The joint venture company would invest around Rs 100 crore in the expansion, he added.

According to the company announcement, it is expected to expand from the current 30 clinics to 100 clinics in different formats across the country in the next two years.

It would set up around eight spas, 10-15 studios and 40-50 clinics, with plans to raise around Rs 60 crore for investment in the JV, said GSK Velu, founder and managing director of Trivitron Healthcare. The JV has so far invested around Rs 30 crore in its operations.

Both the joint venture partners are expected to dilute their stake to the newly-joining investors. As reported earlier, post-dilution, Apollo Hospitals would have around 51 per cent stake, while Trivitron would also dilute its stake in the company, if required.

Alliance currently has around five dialysis clinics and plans are to expand this to 20 clinics in future, said Velu. The company is also aiming to expand its reach to Southeast Asia, West Asia, Africa and Eastern Europe, taking advantage of the strength of the joint venture partners in these regions, he added.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat, weakening rupee weighs
- UK regulator decision to fine NRI financial advisers upheld
- 30 striking AI pilots sacked, two return to work
- Speciality Restaurants sets IPO price at Rs 150 per share
- Shriram EPC bags Rs 165 cr contract in Kerala
  Read Business news in 
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- Journey on, We are by Your Side. Click here to know more
- 
- 2 Lac Apartments, 1 Lac House / Plots. Click here
- The Best Seller is Also the No. 1 in Mileage. Click here
- One Partnership Endless Possibilities. Click here to know more
- A Brand New Server at a Price That Fits Your Budget. Click here
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- Leader in Passenger Car & Automobile Tyres. Click here
- Watch The Film Here. Click here to know more..
- 1 billion in saving for Unilever without any tangles.
- Learn How One City is Running on FOOD SCRAPS.
- Helping doctors detect diseases earlier, saving costs & extending lives.
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Facebook IPO spawns social media angels
- Shares trade below issue price as Nasdaq scrambles
- Premji says his son Rishad may succeed him eventually
- NTPC's Bangladesh plan hits Sunderbans hurdle
- SDA pitches for diamond and jewellery courses at ITIs
 
 More  
Tax Shastra
  Now available at Special price
  Rs. 360/- Only

  Buy Now
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us