Centre for sight gets matrix funds | business | Hindustan Times
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Centre for sight gets matrix funds

business Updated: Oct 18, 2010 22:20 IST
HT Correspondent
HT Correspondent
Hindustan Times
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Eye hospital chain Centre for Sight (CFS), which is on an aggressive expansion plan, has received funding from private equity firm Matrix Partners. Matrix Partners would invest Rs50 crore towards funding requirements of CFS.

CFS, which was founded by ophthalmic surgeon Mahipal S. Sachdev, currently operates ten centres across cities such as Delhi, Faridabad, Gurgaon, Moradabad, Agra and Jodhpur, and plans to set up five more hospitals by the year end.

“The capital infusion provides CFS the growth capital to further expand and achieve its vision of creating a network of more than 60 eye hospitals within a period of three years and becoming one of the largest eye hospitals chains across India,” said Sachdev, chairman and medical director of CFS.

Sachdev said that part of the expansion will be brown field with proposed acquisitions of certain private eye care hospitals in Tier II and Tier III cities. CFS would require around R200 to 250 crore for its expansion plans.