Agarwals Eye Hospitals Acquires Five Eye Hospitals in Tricity
Dr. Agarwals Eye Hospitals Acquires Five Eye Hospitals in Tricity
• The eye hospitals, spread across Chandigarh, Panchkula and Mohali, include units of, Mirchia’s Laser Eye Clinic, JP Eye Hospital and Dr. Monica's Eye Clinic
• The acquisition marks the entry of India’s leading eyecare chain into the Punjab and Haryana region
CHANDIGARH / May 17, 2022: Chennai-based Dr. Agarwals Eye Hospitals, the country’s leading eyecare chain, has established its presence in the Tricity region by acquiring five eye hospitals, including 2 in Chandigarh, 2 in Panchkula, and 1 in Mohali. These include units of Mirchia’s Laser Eye Clinic, JP Eye Hospital and Dr. Monica's Eye Clinic, which have been eyecare centres of repute in the area for several years. The acquisition has expanded the presence of Dr. Agarwals Eye Hospitals to Punjab, Haryana, and Chandigarh, taking the total tally of its existing centres across the country to 110.
Said Dr. Amar Agarwal, Chairman, Dr. Agarwals Eye Hospitals: “We are absolutely delighted that these five eye hospitals, counted among Tricity’s top eyecare facilities, are now a part of Dr. Agarwals Eye Hospitals. North India, especially Punjab and Haryana, is a very important market for us due to the huge unmet demand for super-specialty eyecare and advanced capabilities in treating eye diseases. As India’s leading chain of eye hospitals, we are delighted to establish our presence in Chandigarh, Panchkula, and Mohali, and are fully committed to offering the best eyecare to our patients. We will be introducing for the people of Tricity latest technologies for basic and advanced procedures as well as diagnostic tests and state-of-the-art surgeries in eyecare on par with international standards.”
Added Dr. Adil Agarwal, CEO, Dr. Agarwals Eye Hospitals: “Expanding our presence to the Tricity by acquiring the best eye hospitals in the three cities is a significant milestone for us in our national expansion. Our ideology is to provide quality eyecare to people and bring advanced technology to far-reaching corners of the country. We have aggressive growth plans, especially for North India and states like Punjab and Haryana. We have added more than 60 units to our network in the past 5 years alone, and plan to double our current network of hospitals to more than 200 in the next 3-4 years.”
The company has been on a growth spree across the country through acquisitions and establishing new facilities. To fuel its expansion and deploy latest technologies, the company raised over Rs 1,000 crore recently from TPG Growth and Temasek in the country’s largest fund raise in the eyecare space.
Said Dr. Rajiv Mirchia - Head Clinical Services, Mirchia’s Laser Eye Clinic: “We are proud to officially become a part of the renowned Dr. Agarwals Eye Hospitals chain. We were the first in the region to introduce laser eye surgery to cure various eye ailments as well as stitch-less surgery for cataracts and look forward to introducing several more firsts for our patients under the new leadership. Dr. Agarwals Eye Hospitals is known for several ground-breaking surgical innovations in eyecare, and I am sure its presence will help elevate eyecare in the Tricity region to global standards.”
Said Dr Jatinder Singh - Head Clinical Services, JP Eye Hospital: “The entry of Dr. Agarwals Eye Hospitals in Tricity is a very important milestone in its eyecare landscape. Established in 1985, we are one of the oldest eye care centers in the region and have several firsts to our credit, including the first single-specialty NABH-accredited hospital in Mohali. We have conducted over 40,000 successful IOL implant surgeries, the highest in Tricity. We consider ourselves privileged to become a part of a prestigious national eyecare chain like Dr. Agarwals Eye Hospitals, which will be of enormous benefit to our patients.”
Said Dr. Monica Jain, Head – Clinical Services, Dr Monica’s Eye Clinic, “We are delighted to become a part of Dr. Agarwal’s Group of Eye Hospitals, which is an iconic eyecare 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 benefitting from its global expertise and providing super-specialty eyecare for 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.”
About Dr. Agarwals Eye Hospitals
Dr. Agarwals Eye Hospital was founded in 1957 as a single facility in Chennai. The Group’s presence now spans across 111 eye hospitals in 11 countries and over 10 states in India. Its facilities are staffed by a team of over 400 ophthalmologists and 4,000 employees. They have treated over 12 million patients so far and offer not only quality eyecare, but also academic and research programs in ophthalmology and related fields.
The Group is led by Chairman Prof. (Dr.) Amar Agarwal. He is a pioneer in the field of eyecare, known for several ground-breaking surgical innovations such as Glued IOL, PDEK and PhakoNit.
The Group offers a complete gamut of eyecare services such as Cataract, Laser correction, Vitreo-Retinal Surgery, Corneal transplantation, Glaucoma and Squint at its centers. In addition to this, super-specialty eyecare services such as Pediatric Ophthalmology, Ocular Oncology, Neuro Ophthalmology, Uvea and Oculoplasty are also offered at its tertiary hubs.