NephroPlus has acquired a majority stake of 51% in Philippines based Royal Care Dialysis Centers, The entire financial and operational due diligence happened during Covid times,The company did not disclose the value of the deal.
This cross border acquisition will help NephroPlus to access the $400 million Philippines dialysis market and the company aims to clock a business of $50 million by 2025bywhen the company plans to take the number of centres from 6now to 50.
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Royal Care which has 10 per cent market share in the Philippines dialysis market has been treating 40,000 patients every year through its centres in Metro Manila and other nearby provinces,The country becomes the first market where NephroPlus has made an overseas acquisition and aims to see similar opportunities in South Asia, South East Asia and CIS countries.
We plan to invest $15 to $20 million in the Philippines through debt and equity to expand the network,We will also increas our stake in the company from 51% now to 76% in the next 3 to 4 years. Vikram Vuppala CEO and founder: NephroPlus.
NephroPlus operates 230dialysis centres in more than 100 cities across 20 States in India.
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