New Delhi, Apr 18 (UNI) Birla Wellness, a Yash Birla Group subsidiary, today said it has signed a joint venture with Singapore-based Pacific Healthcare Holdings Ltd.
The company, to be called Birla-Pacific Med Spa Pvt Ltd, will be 50 per cent owned by the Yash Birla Group, 42.5 per cent held by Pacific Healthcare Holdings (Singapore) and 7.5 per cent by Dr Abhijit Desai, a company statement said.
The new venture will be branded 'Evolve' and tap on the international expertise in the fields of Plastic Surgery, Implant and cosmetic dentistry, Cosmetic Dermatology, and anti-aging medicine, it added.
This venture is part of the Group's foray into the healthcare industry as part of its overall strategy.
''Healthcare is a sunrise industry in India. We will shortly launch five 'Evolve' MedSpas in Mumbai, Delhi and Goa shortly,'' Group Chairman Yash Birla said.
The JV will also adopt a franchise route for setting up similar facilities across the country, he added.
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