As part of its pan India expansion plan, Dr Agarwal’s Eye Hospital, one of India’s reputed networks of eye hospitals, has made a foray into Surat, Bhavnagar & Vapi, acquiring 100% stake in five eyecare centers, run by Prizma Eye Care, Surat (Majuragate, Vesu and Adajan); Savani Eye Hospital, Bhavnagar and Dr Ashish Gusani Eye Hospital, Vapi, some of the trusted eye hospitals in the city.
In Gujarat, Dr Agarwal’s Eye Hospital already has a world class centre at Ahmedabad. With the acquisition of the five hospitals in Surat, Bhavnagar & Vapi, the number of hospitals at Dr Agarwal’s global network rises to 118. The hospital had recently got a funding of Rs. 1000 crore from TPG Growth and Temasek, one of the largest amounts raised in the eyecare space in India, primarily for its pan India expansion plan.
Talking about the Surat acquisitions, Prof Amar Agarwal, Chairman, Dr Agarwal’s Eye Hospitals, said: “We believe that it is possible to provide world class superspeciality vision treatment to every citizen in the country at affordable cost. Our eye care delivery model is built on this premise, and we have been growing our presence both organically and inorganically, building greenfield and brownfield centers to make super-specialty eye care within the reach of the common man. The recent acquisition of five hospitals in Gujarat is special for us, as it marks our entry into this fast-growing tier I city and has given us an opportunity to work with an excellent team of eye care professionals of these hospitals who have built a strong reputation through years of their commitment and hard work. We will be adding more hospitals in this region and play a key role in improving the quality of eye care available to the people here.”
In his comments, Dr. Adil Agarwal, CEO, Dr. Agarwal’s Eye Hospitals, said: “Expanding our presence in Gujarat is a significant milestone for us in our national expansion plan. We have aggressive growth plans, especially for West India and states like Gujarat. We will be strengthening our presence through both greenfield and brownfield centers in existing markets of Ahmedabad and Surat, and newer markets like Rajkot, Gandhinagar, Vadodara, Kutch, Jamnagar, Bharuch, Anand, and Navsari. We look for partnering with hospitals that have a legacy, competent team, brand name and goodwill. We have added more than 65 units to our network in the past 5 years alone, and plan to double our current network of 115 hospitals to more than 200 by 2025.”
Talking to media, Dr Nirav Shah, Prizma Eye Care, said: “We are proud to officially become a part of the renowned Dr. Agarwal’s Eye Hospitals chain. We look forward to introducing the latest technology and best procedures for our patients under the new leadership. Dr. Agarwal’s Eye Hospitals is known for several ground-breaking surgical innovations in eyecare, and I am sure its presence will help elevate the quality of eye care in Surat to global standards.”
In his comments Dr Sanjay Vallabhbhai Savani, Savani Eye Hospital, said: “The entry of Dr. Agarwal’s Eye Hospitals in Bhavnagar is great news for people and the eyecare sector in the city. We consider ourselves privileged to become a part of a prestigious national eyecare chain like Dr. Agarwal’s Eye Hospitals, which will be of enormous benefit to our patients.”
Dr Ashish Gusani, Dr Ashish Gusani Eye Hospital, Vapi remarked: “We are delighted to become a part of Dr. Agarwal’s Group of Eye Hospitals, which is an iconic eye care chain with a 65-year-old heritage. The quality of its leadership and tradition of excellence in eyecare are extremely impressive. We look forward to benefiting from its global expertise and providing super-specialty eye care for the patients with the best outcomes. We will channelize our combined expertise to take the eye hospitals to even further heights of medical excellence and patient satisfaction.”