M&A

M&A

Maxivision pick up majority stake in Ojas Eye Hospitals in Mumbai

The Hindu  

Hyderabad-headquartered Maxivision Group of Eye Hospitals has picked up a majority stake in Mumbai-based Ojas Group of Eye Hospitals . Set up by Dr. Niteen Dedhia, Ojas Group of Eye Hospitals currently operates three centers in Mumbai providing eye care to patients.The resulting entity, to be called Ojas Maxivision Eye Hospitals, aims to invest INR 500 crore in two years to expand operations across Maharashtra.Maxivision Super Specialty Eye Hospitals was founded by Dr. Kasu Prasad Reddy in 1996 and was subsequently acquired by Dr. GSK Velu in 2011. It has an anticipated annual revenue of over INR 600 crore this year. After the current acquisition, Maxivision has presence in Telangana, Andhra Pradesh, Tamil Nadu, Gujarat and Kerala.