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April 25, 2015 3:36 AM ET

Healthcare Providers and Services

Company Overview of Vasan Healthcare Private Limited

Company Overview

Vasan Healthcare Private Limited owns and operates eye care hospitals, dental care hospitals, pharmacy outlets, medical centers, and specialty labs and day care diagnostics center in India and internationally. It offers cataract services, refractive surgery services, cornea services, glaucoma services, retina services, paediatric ophthalmology and squint services, oculoplasty services, uveitis services, neuro-ophthalmology services, vision rehabilitation services, computer vision syndrome services, contact lenses, and eye wear. Vasan Healthcare Private Limited was founded in 1947 and is headquartered in Chennai, India.

No. 70, Dr. Radhakrishnan Salai

"Lancor West Minster"

IV Floor

Mylapore

Chennai,  600004

India

Founded in 1947

Phone:

91 44 4340 0950

Fax:

91 44 4340 0998

Key Executives for Vasan Healthcare Private Limited

Chairman of The Board and Managing Director
Compensation as of Fiscal Year 2014.

Vasan Healthcare Private Limited Key Developments

Suitors Reportedly Eyes 51% Stake In Vasan Healthcare

Sime Darby Berhad (KLSE:SIME), Netcare Limited. (JSE:NTC), The Carlyle Group LP (NasdaqGS:CG), Apax Partners LLP and Warburg Pincus LLC are in talks with GIC Pte. Ltd., Sequoia Capital, Westbridge Capital and AM Arun regarding acquiring 51% stake in Vasan Healthcare Private Limited. The expected price for the stake is about INR 35.7 billion, one of the people said. The person added that Sime Darby is ahead in the discussions. GIC had put in $100 million for a 22% stake, while Sequoia owns 18% and Westbridge 3% own stake in Vasan Healthcare. Arun holds a 57% stake in the company. "Around 51% will be sold with the promoter also selling part of his stake," a second person involved in the deal said.

Vasan Healthcare Attracts More Buyer

Vasan Healthcare Pvt. Ltd. is attracting more suitors. Netcare Limited (JSE:NTC) and IHH Integrated Berhad (KLSE:IHH) have evinced interest in buying a majority stake in Vasan.

PE Funds And Hospital Chains Reportedly Eye Majority Stake In Vasan Healthcare

Private equity buyout funds along with a few global hospitals and daycare chains are reportedly in separate early stage discussions to buy a majority stake in Vasan Healthcare Pvt. Ltd. The transaction may also see Vasan Healthcare’s founder promoter selling out or paring his stake significantly, leading to a potential change of management control, said multiple people with knowledge of the matter.

Recent Private Companies Transactions

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