Showing posts with label # Access Health International and SafeCare join forces on transforming the quality of healthcare in India. Show all posts
Showing posts with label # Access Health International and SafeCare join forces on transforming the quality of healthcare in India. Show all posts

Thursday, December 10, 2020

 Access Health International and SafeCare join forces on transforming the quality of healthcare in India

10th December 2020, Hyderabad: ACCESS Health International (AHI), an India-based organization focused on improving access to high quality and affordable healthcare, has joined hands with SafeCare, a globally renowned company which provides innovative health care standards; surveyor training; a grading system for the quality of care to bring Health Standards to India.

In the last decade, India has made big strides in providing better access to healthcare for its 1 billion-plus citizens. However, the quality of that care remains a key challenge in reaching universal health coverage by 2030, a globally agreed goal of the United Nations.

 According to a 2016 Lancet report, poor quality of care leads to almost twice as many deaths as insufficient access to healthcare, 1.6 million deaths compared to 838,000 respectively It is thus crucial to address both these issues.

 However, there is a lack of certification and accreditation bodies offering local solutions for emerging markets. How, for example, can a rural clinic in India meet the same requirements as a city hospital, given the differences in resources and training? 

 As a result of this weak regulatory framework, patients and payers of health care face uncertainty regarding the availability and quality of service. In turn, this hampers health sector investments as patients are not willing to prepay for healthcare through insurance.

 

Commenting on the association Dr. Krishna Reddy Head Access Health International India said “  We have teamed up with SafeCare, a standards-based, digital quality improvement platform with experience in sub-Saharan Africa, to address this issue. In this international South-South partnership, AHI provides facilities with the IIEA (International Society for Quality in Health Care External Evaluation Association) accredited standards-based methodology by SafeCare that empowers healthcare providers to measure, monitor, and improve the quality of their services, with the aim to expand nationwide”

 

“ The SafeCare standards provide an objective, holistic view of medical and non-medical service provision of hospitals and laboratories, transparent and achievable quality improvement goals and a staged motivating and monitoring system.  The tools are online and mobile-centric. Health professionals can benefit from interactive, real-time quality management and monitoring platform that aids informed decision-making and hence better health outcomes. It also standardizes the methodology of measurement across healthcare facilities ” said Dr. Aafke de Graaff, Head of SafeCare, Amsterdam 

“ Patients know what quality of care to expect at a certain facility, funders have data to assess the medical, financial, and accountability risks when considering long-term investments and insurance companies can see which providers their customers use to give better value for money “ she further added

 “ At a policy level, data on quality and risks assist the government in its choices about how to best allocate its scarce resources. In this respect, Access Health International and SafeCare can truly transform the quality landscape in India to create sustainable improvement and provide health for all”  Dr. Krishna Reddy Head Access Health International India added

 

About SafeCare: SafeCare was developed to provide innovative health care standards; surveyor training; a grading system for the quality of care; a quality improvement process that is broken down into achievable, measurable steps to facilitate incremental improvement; and a private sector-supported health financing model. At SafeCare, we believe everyone has the right to access quality healthcare. And we know that healthcare facilities around the world can be inspired to improve the quality and safety of the services they provide, despite the resource constraints they may face.

 About Access Healthcare International: ACCESS Health is a think tank, advisory group, and implementation partner. We design and implement health initiatives that tangibly improve health outcomes and the quality of care across the globe. We turn research into tangible healthcare improvements through unique partnerships with policymakers, private sector leaders, academia, and entrepreneurs. We conduct practical research to improve health systems and healthcare delivery and share best practices that can be adopted and adapted worldwide.




 


 

 




 


 


 


 


 

 

 

 

 

 

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face value of ₹10 each Fresh Issue Size - Up to 98,97,000 Equity Shares OFS size - Up to 13,50,000 Equity Shares Total Size - ₹ 150.71 Crore (At Upper Price Band) Price Band - ₹ 126 - ₹ 134 per share Lot Size – 111 Equity Shares Mumbai, September 21, 2026 - Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components with over four decades of operational experience, serving automotive, primarily commercial vehicles, and non-automotive applications, including defence and emergency services, heavy equipment and off-highway machinery and industrial equipment across more than 32 countries, proposes to open its Initial Public Offering on Wednesday, September 23, 2026 aiming to raise ₹ 150.71 Crores (At Upper Price Band), with shares to be listed on the BSE & NSE. The offer size is up to 1,12,47,000 Equity Shares with a face value of ₹10 each with a price band of ₹126 - ₹134 Per Share. Equity Share Allocation QIB Portion – Not more than 50.00% of the Offer Non-Institutional Investors - Not less than 15.00% of the Offer Retail Individual Investors - Not less than 35.00% of the Offer The net proceeds from the IPO will be utilized for funding capital expenditure by the company towards procurement of machinery and equipment for enhancement of operations at the Dewas Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in its subsidiary Adroit Driveshafts Private Limited for capital expenditure towards machinery and equipment at the Pithampur Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in the subsidiary for repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by it, and general corporate purposes. The anchor bidding is on Tuesday, September 22, 2026. The offer will open on Wednesday, September 23, 2026 and will close on Friday, September 25, 2026. The Book Running Lead Manager to the Offer is Choice Capital Advisors Private Limited and the Registrar is Bigshare Services Private Limited. Mr. Saurabh Sangla, Chairman and Managing Director of Adroit Industries (India) Limited “expressed, The upcoming IPO marks a new phase for the Company. Over the years we have built vertically integrated capabilities spanning forging, precision machining, heat treatment, assembly, balancing and testing, and expanded our portfolio to over 5,000 SKUs of driveline components supplied to customers in more than 32 countries. Going forward, our focus will be on strengthening capacity across our manufacturing facilities, improving operational efficiency, deepening engagement with the Distributors, OEMs and Tier-1 customers across our export and domestic markets and broadening our automotive and non-automotive applications. The IPO will support our plans as we continue to strengthen the business and pursue long-term growth.” Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Adroit Industries (India) Limited has built an export-led driveline business over four decades, with vertically integrated manufacturing and a diversified customer base across automotive and non-automotive applications. The upcoming IPO marks an important step in the Company’s journey as it enters the public markets. We believe the Company’s integrated manufacturing capabilities, long-standing customer relationships and expanding product portfolio provide a foundation for its next phase of growth. We are pleased to be associated with Adroit Industries (India) Limited as it takes this step towards becoming a publicly listed company.” About Adroit Industries (India) Limited Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts – also known as drive shafts or cardan shafts – and related torque-transmission components. Its portfolio spans over 5,000 SKUs of driveline components, including propeller shaft assemblies, yokes, shafts, companion flanges, universal joints and accessories, supplied to automotive applications, largely commercial vehicles and SUVs, and to non-automotive applications spanning defence and emergency services, heavy equipment and off-highway machinery and industrial equipment. The Company operates three manufacturing facilities in Madhya Pradesh – Dewas Facility i.e for die making and forging processes, Pithampur Facility for machining and assembly, operated by its subsidiary Adroit Driveshafts Private Limited, and Sanwer Road Facility for certain finishing operations– with end-to-end in-house capabilities covering forging, precision machining, heat treatment, assembly, balancing and testing. The facility is certified under IATF 16949, ISO 9001, ISO 14001 and ISO 45001. With operations commencing in 1966, the Company has evolved into an export-led driveline components manufacturer, with 95.39% of Fiscal 2026 product sales derived from outside India across more than 32 countries, supported by a Canadian subsidiary for North American customer engagement, and serving 185 customers in Fiscal 2026 through distributors, Tier-1 driveline component suppliers and OEMs. In FY26, The Company achieved a Revenue from operations of ₹1,399.43 million, EBITDA of ₹387.10 million & PAT of ₹261.58 million. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face valu...