MaxiVision Super Specialty Eye Hospitals is aiming to expand its presence in Telangana and Andhra Pradesh, apart from venturing into Tamil Nadu, Kerala and Karnataka.
With a cumulative investment of Rs 100 crore, the Hyderabad-based company is eyeing to set up at least 15 hospitals in the next 2-3 years in Telangana, AP and other southern States.
Currently, MaxiVision, the fourth largest eye care company, is operating 11 eye care hospitals in Telangana and Andhra Pradesh. The company will launch three more hospitals by March 2020.
The company targets to emerge as India’s second largest eye care provider in the next five years. It further aims to be a Rs 500-crore company from being a Rs 120-crore company by 2024.
Dr GSK Velu, Chairman of MaxiVision Super Specialty Eye Hospitals, said, “Hyderabad is today the forefront of eye care. We want to take this growth to other parts of the south and then to other parts of the country. While MaxiVision will look at expansion to major cities of India, our newly established entity-Sharat MaxiVision Eye Hospital will focus on tier 2 and tier 3 cities with a hub-and-spoke model. In five years’ time, we want to be in every district of Telangana and Andhra Pradesh.”
“We will foray into Tamil Nadu and Kerala by 2020. In the States where MaxiVision doesn’t operate now, we will look at partnership or acquisition route for the foray. We are also looking at overseas expansion opportunities in the African region where will seek local partners,” Velu further added.
Want to invest in a healthcare franchise? Visit Franchise India 2019, Asia’s Biggest Franchise & Retail Show, and give wings to your entrepreneurial dreams.
