Hyderabad-based MaxiVision Super Specialty Eye Hospitals is planning to strengthen its presence in Telangana and Andhra Pradesh, besides foraying into Tamil Nadu, Kerala and Karnataka.
MaxiVision plans to set up at least 15 hospitals in the next 2-3 years in Telangana, AP, and other southern states, with a cumulative investment of Rs 100 crore. The company today operates 11 eye care hospitals in Telangana and Andhra Pradesh. Three more hospitals will come up by March 2020.
The fourth-largest eye care company aims to emerge as the country’s second-largest eye care provider in the next five years
MaxiVision Super Specialty Eye Hospitals chairman Dr. GSK Velu in a statement said that Hyderabad is today at 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.”
Velu added, “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.”
To expand its footprint in the tier 2 and tier 3 cities of Telangana, the company has acquired Warangal-based Sharat Laser Eye Hospital, and as a result of this process, a new entity Sharat MaxiVision Eye Hospital has been created.
Sharat Laser Eye Hospital is among the first eye hospitals to have a National Accreditation Board for Hospitals (NABH) accreditation and has revenues of Rs 21 crore. Dr. Sharat Babu Chilukuri, founder of the hospital, will help MaxiVision Group in its expansion and initiate training and academic projects for the Group. He will also partner with MaxiVision Group founder Dr. Kasu Prasad Reddy in all clinical strategies and technology inductions into the Group.
Dr. Sharat said, “The need for eye care is growing in the country and more so in tier 2 and 3 cities. We want to bring quality eye care to smaller towns and cities of Telangana and Andhra Pradesh. New hospitals are likely to come up in Telangana in Adilabad, Miryalaguda, Siddipet, Karimnagar, and Nizamabad in the near-term.