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Feb, 13 2019

Temasek invests Rs 270 crore in Dr Agarwal's Health Care

The funds raised will be used by the healthcare company to expand its eye-care chain in India and upgrade its technology.

Temasek Holdings, a Singapore state investment firm, has invested Rs 270 crore in Dr Agarwal's Health Care Ltd. The funds raised will be used by the healthcare company to expand its eye-care chain in India and upgrade its technology.

Amar Agarwal, Chairman, Dr Agarwal's Group of Eye Hospitals, said, "We believe Temasek's expertise and support will help our company expand our network of clinics and operations to better meet the growing demand for affordable and quality eye care across India."

Adil Agarwal, CEO of Dr. Agarwal's Group of Eye Hospitals, stated, "The company aims to add around 50-75 hospitals in the next three to five years with a focus on both metro cities and smaller towns. The expansion will be done through a mix of strategic partnerships, acquisitions and greenfield hospitals."

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