Vivek Oberoi Buys Well­ness Co SkyLimit

The Economic Times - - Companies: Pursuit Of Profit - Gau­rav.Laghate@ times­group.com

Mum­bai: Bol­ly­wood ac­tor Vivek Oberoi has picked up ma­jor­ity stake in SkyLimit In­te­grated Well­ness So­lu­tions, a multi-dis­ci­pline re­gen­er­a­tive medicine and anti-age­ing fa­cil­ity. Oberoi and Haresh M Me­hta, founder of SkyLimit, will in­vest .₹ 500 crore over the next three years in the com­pany to open 150 clin­ics across In­dia.

“I saw this as a very lu­cra­tive op­por­tu­nity to get ad­vanced Amer­i­can tech­nol­ogy in the med­i­cal field to In­dia and de­cided to part­ner Haresh. I have taken ma­jor­ity stake in the com­pany and to­gether we plan to in­vest over .₹ 500 crore in the next three years,” Oberoi told ET.

He said that the busi­ness model will al­low a high re­turn on in­vest­ment and an av­er­age breakeven pe­riod of three years, in­clud­ing up­grades.

Es­tab­lished in the US in 2012, SkyLimit uses the lat­est in med­i­cal and health tech­nolo­gies to de­liver al­ter­nate and non-in­va­sive treat­ment for joint pain, neu­ropa­thy, spinal dis­or­ders and weight loss. While it cur­rently has two clin­ics in the US —- Rock Hill in South Carolina and De­catur in Ge­or­gia -- the com­pany launched its In­dia oper­a­tions last year with a clinic in Juhu, Mum­bai.

It will launch its flag­ship clinic in World Trade Cen­tre in Mum­bai on Saturday.

Oberoi claims that the US clin­ics are cur­rently treat­ing 30,000 pa­tients for obe­sity man­age­ment, 15,000 pa­tients for pain man­age­ment, and 10-12 thou­sand pa­tients for di­a­betes and neu­ropa­thy per year.

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