LifeSpring Hospitals

LifeSpring Hospitals is an Indian hospital chain, which provides maternity care to women from the low-income group in Hyderabad, India. Established in 2005, it is a 50-50 joint venture between $30-million Acumen Fund, a U.S.-based nonprofit global venture philanthropy fund and HLL Lifecare Limited, a Government of India -owned corporation and the largest manufacturer of condoms in the world.

As of March 2016 it provided affordable healthcare to 5,000,000 women with its twelve hospitals in Hyderabad, and one hospital in Visakhapatnam, Andhra Pradesh, India, providing maternity and pediatric care at 30-50 percent of market rates, and is the first healthcare chain to join the 'Business Call to Action' (BCtA), an initiative of United Nations Development Programme (UNDP) and UN Global Compact amongst others, to reduce poverty, hunger, disease, and maternal and child deaths by 2015.

The first LifeSpring hospital was started on 10 December 2005 in Moula-Ali, on the outskirts on Hyderabad, India, as a pilot project within Hindustan Latex Family Planning Promotion Trust (HLFPPT) of Hindustan Latex Limited, now HLL Lifecare Limited (HLL) for low-cost healthcare. In February 2008, it was formed as into a private limited company with 50-50 joint venture between Acumen Fund, a U. S.-based nonprofit global venture philanthropy fund and HLL. The project was headed by Anant Kumar, who was till then the business head of Social Franchising in HLFPPT, who later became LifeSpring's CEO. HLL is a public-sector undertaking under the Ministry of Health and Family Welfare, Government of India, while New York-based Acumen, was established in 2001, with seed capital from the Rockefeller Foundation, Cisco Systems Foundation and three individual philanthropists.