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Acumen Fund Announces Two Investments Providing Advanced Eye Care Services in India and Kenya
Date:11/5/2009

development challenges of nutrition and lack of access to health care, particularly preventative care.

“Blindness often has devastating economic impacts on poor families in India, so with our investment in PVRI through Pushpagiri Health Care Hospitals Pvt. Ltd, Acumen Fund is looking to support organizations that are helping prevent blindness by providing more widespread access to treatment and encouraging preventative care,” said Varun Sahni, Acumen Fund’s India Director. “Having two investments with similar models for delivering advanced eye care to the poor creates a unique opportunity for collaboration, and we look forward to sharing best practices across geographies as we work to bring these solutions to scale.”

PVRI was founded with the philosophy of “an eye for affordable services,” focusing primarily on diabetic blindness, childhood blindness and corneal blindness, apart from existing causes of blindness due to cataracts and glaucoma. Its central hospital located at Secunderabad is used as a hub, with outreach clinics, screening and treatment camps serving as spokes to maximize its reach and ensure that its services are accessible to rural markets. Since its inception in 2007, PVRI has treated more than 25,000 patients, performed over thousands of surgeries and I.P. procedures, and conducted over 100 comprehensive eye care camps in the state of Andhra Pradesh.

Similarly, in Kenya, UHEAL mobile eye units will operate fifteen eye camps a year to screen for diabetic retinopathy and provide non-invasive procedures, eye examinations, follow-up care, and laser treatment at an affordable rate for low-income communities. UHEAL and Acumen will experiment with different pricing models to find the right balance between financial sustainability and social impact, while PVRI will subsidize eye care to low-income communities by charging higher margins to high-income customers.

Dr. Kib
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