Hyderabad: Hyderabad-based dialysis care provider NephroPlus, which recently raised $45 million) from Investcorp, a Bahrain based, Global alternative asset management company, is planning to add 120 centres in India and about 75-100 centres in West Asia and Middle East in the next three years.
With a footprint of over 200 centres, NephroPlus has been providing treatment to over 14,000 dialysis patients. With the latest investment, the company is looking at expanding beyond its current presence in 20 States of India.
The funds will further be for acquisitions and partnerships commencing with Indonesia, Philippines, Vietnam, Saudi Arabia and Bahrain. A contract with Vietnam is currently underway and will be effective within the next two- three months. The company will also create about 15 centres in Assam, Manipur and Meghalaya next year, as a part of pan-India expansion.
The focus for the Indian market will continue to develop through the dialysis programmes currently on track at 180 hospitals and will subsequently continue through select acquisitions and expansion of centres, joint ventures and new operation and maintenance contracts will also be set in motion.
Vikram Vuppala, founder & CEO, NephroPlus, said, “With our current growth rate through our existing services, we are now aiming at a rapid growth through this investment.”
Vuppala added, “Through acquisitions and joint ventures, we are hoping to set up 75-100 centres in the five international markets within the next three years. In India, we are aiming to grow momentum by expanding to 40 centres every year through our high quality but cost-effective models”.
The company has for raised Rs 505 crore in four institutional rounds and Rs 2.5 crore through two rounds of angel funding.