VPS Lakeshore Declares 15% Dividend

This is the highest dividend after the UAE-based entrepreneur Dr. Shamsheer Vayalil of Burjeel Holdings acquired a majority stake in the hospital in 2016. The declared dividend in the last year was 5%

While announcing its financial performance for the year ending March 2022, Kerala’s leading hospital VPS Lakeshore has declared a dividend of 15%. The announcement came after a meeting of the Board of Directors of VPS Lakeshore Hospital and Research Centre on Monday. This is the highest dividend after the UAE-based entrepreneur Dr. Shamsheer Vayalil of Burjeel Holdings acquired a majority stake in the hospital in 2016. The declared dividend in the last year was 5%.

“The past financial year was crucial for VPS Lakeshore,” said the board of directors in a statement. “We have been combating the challenges raised by the pandemic, yet we thrived in the forefront of the health sector.” Even though the pandemic has been a challenging phase, the hospital catered to the needs of over 4 lakh patients in the previous year.

Expanding Footprint In a bid to expand VPS Lakeshore’s services to northern Kerala, the VPS Lakeshore Medical Centre was launched in Calicut in October. After its establishment, the centre, equipped with multiple clinical departments, has been successfully providing a continuum of care to the people of the region.

According to the Board, one of the notable achievements in the past year was that the hospital’s Cardiac Surgery team performed Kerala’s first artificial heart transplant surgery. The hospital also introduced the most advanced Cath lab in Kerala in 2021. VPS Lakeshore completed liver transplants during the year with a 96% success rate, while its renal transplants maintained a 96-98% success rate.

The hospital established a post-Covid clinic to treat the health problems encountered after Covid-19. It has also set up a comprehensive sleep disorders clinic in its Kochi centre.

The hospital has been involved in various development activities and community outreach programs in the fields of education and healthcare during the last financial year. It also successfully facilitated Covid-19 relief work through various CSR projects. VPS Lakeshore has continually extended support to education institutions, primary healthcare facilities, and other community activities during the pandemic.