- Surat acquisitions are a part of the hospital’s ambitious expansion plan of doubling its centres in India from 115 at present to over 200 by 2025
- Dr Agarwal’s Eye Hospital will be retaining the existing team and management of the acquired hospitals while investing in infrastructure, equipment, and training of staff
Surat, 2 August 2022: 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 a 100% stake in five eyecare centres, 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 in Ahmedabad. With the acquisition of the five hospitals in Surat, Bhavnagar & Vapi, the number of hospitals in Dr Agarwal’s global network rises to 118. The hospital had recently got 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 super-speciality 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 centres to make super-speciality 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, of 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 centres 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 the 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 is extremely impressive. We look forward to benefiting from its global expertise and providing super-speciality eye care for the patients with the best outcomes. We will channel our combined expertise to take the eye hospitals to even further heights of medical excellence and patient satisfaction.”
About Dr Agarwal’s Group
Dr. Agarwal’s Group of Eye Hospitals started as a single facility in Chennai in the year 1957. The Group is led by Chairman Prof. (Dr.) Amar Agarwal. He is a pioneer in the field of eye care, known for several ground-breaking surgical innovations such as Glued IOL, PDEK and PhakoNit.
The Group offers a complete gamut of eye care services such as Cataract, Laser correction, Vitreo-Retinal Surgery, Corneal transplantation, Glaucoma and Squint at its centres. In addition to this, super-speciality eye care services such as Pediatric Ophthalmology, Ocular Oncology, Neuro-Ophthalmology, Uvea and Oculoplasty are also offered at its tertiary hubs.
For more information on Dr Agarwal’s Eye Hospital, please visit www.dragarwal.com
Media Contact:
Sambit Das | Perfect Relations | Sambit.Das@perfectrelations.com | 9958944181
Mousumi | Perfect Relations | Mousumi.Chakraborty@perfectrelations.com | 8376978378
Shankar Narayanan | Dr Agarwal’s Eye Hospital | shankar.narayanan@dragarwal.com
