| | NOVEMBER 20234India's eye care Industry is at a watershed moment. The industry is all set to host a boom in mergers and acquisitions (M&A) as organized players looking to build a national footprint are trying to disrupt a market that has traditionally been dominated by mom-and-pop shops. ASG Eye Hospitals' recent acquisition of Vasan Eye Care is likely to be an indication of the changing industry landscape. ASG Eye Hospitals, a chain of super-specialty hospitals delivering eye care services, acquired Vasan Eye Care with a bid value of Rs 526 crore on February 3, 2023. The Chennai Bench of the National Company Law Tribunal (NCLT) approved the acquisition. ASG Eye Hospitals, on its mission to expand its footprint in India, is backed by private equity investors General Atlantic, Kedaara Capital, and Foundation Holdings. According to a report by IBEF, in the next five years, the M&A boom might see the rise of four or more significant firms, which together could own more than 2,000 eye hospitals across the country. These acquisitions may account for up to 50 percent of their growth. India outperformed the US, Europe, and China combined in the number of cataract procedures conducted in a single year, performing 83 lakh in the fiscal year 2022-23. Currently, small and local eye clinics that perform surgeries for removing cataracts or improving eyesight are run by eye doctors across the country. The bigger companies with investor backing are trying to take over the smaller ones and join them under one name. The unorganized industry is getting organized, and it has several pros and cons. It's a let's wait and watch situation. We think it is the right time to publish our yearly special issue based on the eye care scenario.Sujith VasudevanManaging Editoreditor@ceoinsightsindia.comIndia is Looking at an Eye Care Boom EditorialVol 04 · Issue 5 - 1 · NOVEMBER, 2023 Publisher Alok Chaturvedi Managing Editor Sujith Vasudevan Senior Designer Girisha M Visualizers Antony Arnold F Hari Sankar P NoidaRohit Raghubanshi Garima Anandadvertise@ceoinsightsindia.comEditorial queries editor@ceoinsightsindia.comAdvertising ManagersAbhay Katiyar To subscribeVisit https://www.ceoinsightsindia.com/subscribe/ or send emailto subscription@ceoinsightsindia.comMagazine Price is Rs. 150 per issuePublisher Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of Info Connect Web Technolo-gies India Pvt. Ltd., and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2023 Info Connect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.VP - Sales & Marketing Amrit SinghCirculation Manager Magendran Perumal Editorial Keerthana Kantharaj Tejaswini P Roopalatha H Hima P. M. | |SEPTEMBER 20192Consultants ReviewWe don't create ads,we create brandsA Design and Technology consulting company with proven compentency in Branding, Mobile Application and Web Application Development with creative concept development, Film-making, UX/UI designing, Graphics Designing & Web Designing.TALENTED MINDS, WE ARE HIRING!iOSAndroidWebUX / UIBrandingTALK TO US FOR CUSTOM QUOTE +91 70499 03333 | info@corporatemotionpictures.in
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