Centre for Sight eyes big expansion ahead
Centre for Sight, one of the country's largest private eye care centres, plans to open more than 50 new centres in the next three years. This will take its total number to 60. HT reports.business Updated: Jun 29, 2010 22:34 IST
Centre for Sight, one of the country's largest private eye care centres, plans to open more than 50 new centres in the next three years. This will take its total number to 60.
The organisation that currently operates eight centres mostly in Delhi and the National Capital Region, will open three new centres by September end and seven more by March 2011.
"Eye care remains a very niche area as it has not been taken up by big corporate hospitals like Apollo or Fortis so far," said Mahipal Sachdev, medical director, Centre for Sight.
"The mindset of corporate hospitals is such that they look at bed occupancy as the yardstick while in ophthalmology almost all procedures are day care that are not constrained by space."
The expansion will require an investment of Rs 200-300 crore, which would be raised through a mix of internal accruals, private equity funding and debt.
"We do not have any significant amount of debt so far hence raising the capital will not be an issue," Sachdev said.
"Part of the expansion will also be brownfield as we may acquire some private eye care centres in Tier II and Tier III cities."
With 12 million blind people, India has the largest population of blind people in the world and around 70-80 per cent of the disability is due to cataract.