Chennai-based Kauvery Hospitals acquires Fortis Hospital in Vadapalani

Chennai-based Sri Kauvery Medical Care (India) (Kauvery Hospitals) has signed definitive agreements to acquire hospital business operations of Fortis Healthcare at Vadapalani, Chennai

With the acquisition of Vadapalani facility with over 200 beds, Kauvery would have over 750 beds in Chennai together with its existing facilities at Alwarpet and Radial Road. This is in line with Kauvery’s strategy to further expand its presence in Chennai and have more than over 1,000 beds in Chennai in the next 18 months.

“Kauvery is currently in the midst of a fast-paced expansion program, as it plans to reach 1,000 beds each by 2025 in Chennai, Bengaluru and Tamil Nadu clusters. This ramp-up would mean that the network shall comprise of 15 hospitals spread across seven cities in South India, with over 3,000 beds and shall likely go for an IPO, in the next 36 months. With this acquisition of the facility at Vadapalani, Kauvery Hospitals shall be the second largest Hospital chain in Chennai and continue to focus on strengthening its leadership position in our existing markets”, said S Chandrakumar, Founder and Chairman of Kauvery Hospitals Group.

Kauvery Hospitals, one of the leading hospital chains in South India, has built a strong foothold in its focus markets of Tamil Nadu and Karnataka over two decades and has emerged as one the leading hospital chains in South India. Established in 1999 as a 30-bedded hospital, it has scaled its presence to a network of 9 facilities comprising 2,000 beds spread across six cities -- Chennai, Trichy, Bangalore, Salem, Hosur and Tirunelveli. The hospital network offers high-quality comprehensive care across specialties with a strong focus on cardiology, oncology, neurology, renal sciences, orthopaedics, and organ transplants, amongst others.

“Kauvery Hospitals, with three hospitals in Chennai and 9 more Hospitals spread across five cities, we have established a strong presence in Tamilnadu and Bengaluru. This new acquisition will help us to provide care to the larger community covering all parts of the city. We will be launching 2 more hospitals in Trichy and Bengaluru respectively in this financial year as part of our focussed expansion drive. We will continue to provide best-in-class personalised care with the highest standards of clinical protocols and ethical practices”, said S Manivannan, Founder and Managing Director of Kauvery Group of Hospitals.