Acumen makes Rs 4.3 crore equity investment in Asian Health Alliance

MUMBAI: Acumen, a non-profit global venture firm addressing poverty across Africa and in South Asia, has announced an equity investment of Rs 43 million ($750,000) in Asian Health Alliance, a company that owns and operates affordable medical diagnostic facilities in low income semi-urban areas and rural areas across Karnataka under the brand name Asian Health Meter (AHM).

AHM provides diagnostic service in communities where 80% of the population earns less than Rs 15,000 a month family income. With access to these diagnostic services, the total cost of treatment to patients is reduced.

Acumen's investment is expected to enable the company to expand its radiology and pathology services in the region using a hub and spoke model. The company is planning to run 30 centres by 2016 and to conduct nearly three million tests by 2020.

"There is a massive unmet need in how we diagnose medical conditions in our country, especially for the urban and semi-urban poor," said Sachin Rudra, India country director, Acumen. "We believe the Asian Health Meter model has the potential to significantly change that by offering services that save time, money and in some cases, lives."

Tara Mohapatra, founder and CEO of Asian Health Alliance said: "In partnership with Acumen, we're working to fill a gap in services for those who need it most."

Since 2001, Acumen has invested more than $89 million in 81 companies across South Asia and Africa out of which $30 million has been invested in India.

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