US-based Dialysis Chain NephroPlus Acquires DaVita Care India
Nephrocare Health Services that operates a chain of dialysis centres under the NephroPlus brand, has acquired DaVita Care India in the latest sign of consolidation in a sector that has recorded private equity interest.
Following the acquisition, NephroPlus will acquire DaVita India's network of 22 centers. These centres will be rebranded to Neproplus in a month’s time as stated by the company.
Vikram Vuppala, founder and CEO at NephroPlus did not disclose the financial details of the deal, however, stated that DaVita India's annual turnover is around Rs 50 crore.
DaVita India posted net sales of Rs 29 crore for the year through March 2017, up from Rs 22 crore the year before. It posted a net loss of Rs 19.9 crore, compared with Rs 15 crore the year before.
Prior to this, US-bas...