Vivek Oberoi Buys Wellness Co SkyLimit
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.