Dr. Agarwals plans to double the number of its hospitals
- ByManjeet Singh | October 9, 2021
According to Dr. Amar Agarwal, Chairman of Dr. Agarwals Eye Hospitals, Dr. Agarwals Eye Hospitals is planning to expand its pan-Indian and global reach by more than doubling in the next three years.
Additionally, he said the company was planning to invest Rs 1,000 crore in these plans.
He said the eye hospital chain has 86 hospitals in India and 14 in South Africa. The number of hospitals would more than double to over 200 in India and 30-40 in South Africa over the next three years. Moreover, 500 outreach centres will be set up in tier 2 and tier 3 cities in India.
“The merger of Aditya Jyot Hospital with our chain is only a start for Maharashtra. Out of the planned investment, ₹300 crore will be invested in Maharashtra to set up 20-30 eye hospitals across the State and over 100 outreach clinics in the next 3 years. Dr. S. Natarajan, a third-generation ophthalmologist, will head the Vitreo Retina services of Dr. Agarwals Group of Eye Hospitals,” he said.“Our association with the Group goes back over 20 [years]. With this merger, we will channelise our combined expertise to take Aditya Jyot eye hospital to even further heights of medical excellence and patient satisfaction,” said Dr. S. Natarajan, chairman, Aditya Jyot eye Hospital, Mumbai.
In response to the question of funding, Dr. Agarwal mentioned that the fund would come from accruals and recently-raised funds from investors. He added that they would be planning a fundraising drive within the next couple of months.
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