AVMLabs launches first laboratory in Coimbatore
AVMLabs, founded by former Thyrocare head A. Velumani, has launched its first diagnostic laboratory in Coimbatore, India. This facility is the first of 25 planned locations as part of an expansion initiative that aims to provide affordable healthcare services through a franchise model.
Why it matters
The expansion represents a significant push to increase access to affordable diagnostic and healthcare services across India, potentially creating 10,000 jobs.
AVMLabs, promoted by former Thyrocare founder A. Velumani, opened its first laboratory in India at New Siddhapudur in Coimbatore recently.
The laboratory is the first of 25 planned in India. The AVM Bhavan facility will also house experience centres of AVMSmiles and AVMDiabetes, which are being developed along with AVMLabs under the “AVM 2.0” initiative.
The three businesses will offer diagnostics and dental and diabetes services through a franchise model, with a focus on expanding access to affordable healthcare. AVMSmiles currently has over 180 clinics, including five in Coimbatore, and plans to expand to 5,000 clinics. AVMDiabetes has a similar target across 5,000 taluks. The outlets are also expected to serve as collection centres for AVMLabs.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in