Under the terms of the agreement, NephroPlus will buy DaVita India's network of 22 centres.
Dialysis service provider NephroPlus Health Services Pvt Ltd has announced the acquisition of DaVita Care India, which runs kidney care centers.
Under the terms of the agreement, NephroPlus will buy DaVita India's network of 22 centres. These 22 centres will be rebranded to Neproplus in a month's time.
With this acquisition, Nephroplus will further strengthen its servicing capacity and will have a presence in 18 states of India with 176 centers across 97 cities.
Vikram Vuppala, Founder and CEO of NephroPlus, said, "Post this (DaVita Care India) acquisition we will be launching in two countries in South East Asia and the Middle East over the next three to six months and we also have plans for acquiring existing small-scale networks in India and international market."
Founded by Vuppala, Sandeep Gudibanda and Kamal Shah in 2009, Nephroplus has 154 dialysis centres in 92 cities across the country. The company is planning to enter foreign markets in the next one year by launching centres in South Asia and the Middle East.