While India’s healthcare sector is estimated to grow to around $280 billion by 2020, a large number of Indians do not have access to quality affordable healthcare, especially in rural India. The facts are staggering:
- 39 million Indians fall below the poverty line each year because of healthcare expenses.
- 47% of rural Indians and 31% of urban Indians finance their healthcare needs through loans or sale of assets.
- 30% of people in rural India don’t visit hospitals because of high medical expenses.
- 70% of Indians spend all their income on healthcare and buying drugs.
Glocal Healthcare provides cost-effective care for over 95% of the disease load in the country through protocol-driven, secondary level healthcare.
Seventy percent of Indians have no access to quality healthcare even though they spend significantly out-of-pocket. Glocal provides secondary level healthcare, which addresses 95% of the disease load in the country, constituted by 42 conditions and diseases.
Through a private placement offering with Elevar Equity, Abacus investors are able to support Glocal’s efforts in bringing quality, affordable, patient-centric healthcare services to rural India. To date they have opened five hospitals, performed over 5,000 surgeries and served more than 100,000 patients.
