Mahindra Partners has invested in the broader healthcare segment for the second time, in the year 2017 it had funded $21 million in Medwell Ventures led by Vishal Bali which operates and owns Nightingales Home Health Services. As per the recent analysis of the eye-care space reflects that the combined net sales growth of six players slowed down to 8.2% in 2017-18 which used to be 14% and 13.3% in previous two financial years. Centre for Sight, however, was the only one to achieve higher net sales growth of 12.1% in 2017-18. With the latest funding, the Centre for Sight will focus on acquisitions, technology, and building capacity. It also aims to grow rapidly and add 40 more centers to the existing list over the next four years.
Centre for Sight will be seen expanding its wings in the North East, West Bengal, Jharkhand, Bihar, and Uttar Pradesh. Centre for Sight is currently extending eye care services across 9 states, through 44 centers located in 24 different cities in India. It employs over 145 doctors; several of them are experts in their respective super specialties. It promotes a culture where making a social impact is considered as important as business results. Three doctors of Centre for Sight have been honored with the prestigious Padma Shri award and several doctors are office bearers in renowned Ophthalmological Societies across the country. The key hospitals of NDCFS are NABH accredited and the organization has consistently delivered a static growth in top line and bottom line as well as a healthy operating profit. With the association of two quality brand names, the business is sure to scale up at Godspeed.
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