March 19, 2018 10:07 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 laboratories and day care diagnostic centers in India and internationally. It offers services in the areas of cataract, refractive surgery, cornea, glaucoma, retina, pediatric ophthalmology and squint, oculoplastic, uveitis, neuro-ophthalmology, vision rehabilitation, computer vision syndrome, and optical aspects (contact lenses) to patients. The company was founded in 1947 and is headquartered in Chennai, India.

No. 70, Dr. Radhakrishnan Salai

Lancor West Minster

IV Floor


Chennai,  600004


Founded in 1947


91 44 4340 0950


91 44 4340 0998

Key Executives for Vasan Healthcare Private Limited

Chairman of The Board and Managing Director
Compensation as of Fiscal Year 2017.

Vasan Healthcare Private Limited Key Developments

Indusind Bank Reportedly Sells Vasan Healthcare Loans To Edelweiss ARC

IndusInd Bank Limited (BSE:532187), the largest lender to troubled Vasan Healthcare Private Limited, has sold its entire exposure in the company to Edelweiss Asset Reconstruction Co. (EARC), two people aware of the development said on the condition of anonymity. "With this, the efforts to find a buyer for Vasan has ended as far IndusInd Bank is concerned," said one of the two people cited above. IndusInd Bank, which owned the largest chunk of Vasan Eye Care's INR 11 billion outstanding loans, was on the lookout for a buyer to take over majority control of the company," said the first person. "While a number of potential buyers were interested, the deal did not close given the controversies surrounding Vasan Eye Care" said the person.

Lenders Tap Domestic Companies To Buy Vasan Healthcare

A group of lenders led by IndusInd Bank has reached out to a new set of potential buyers for Vasan Healthcare Private Limited two sources familiar with the development told Financial Express. While the lenders were understood to be in talks with TPG Capital, L.P. and General Atlantic LLC for a possible buyout deal since May 2016, they have now decided to also approach domestic healthcare players such as Piramal Healthcare, Inc., Trivitron Healthcare Private Limited, Apollo Hospitals Enterprise Limited (NSEI:APOLLOHOSP) and Krishna Institute of Medical Sciences Limited.

New Investors Reportedly In Talks To Acquire Vasan Healthcare

TPG Capital, L.P. and General Atlantic LLC are reportedly in discussions to buy Vasan Healthcare Private Limited. The companies reportedly seek to salvage INR 1100 crores to Vasan. Strategic suitors like IHH Healthcare of Malaysia and Manipal Hospitals declined the deal offer citing ongoing investigations. Smaller eyecare chains are exploring opportunities to buy Vasan assets in specific markets, while Krishna Institute of Medical Sciences has evinced interest in buying the company's operations in Telangana and Andhra, sources familiar with the matter said. TPG and General Atlantic are engaged in preliminary due diligence and have sought clarity from the finance ministry before they enter into any detailed negotiations.

Recent Private Companies Transactions

No transactions available in the past 12 months.

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