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Maxivision to set up 25 eye hospitals in Tamil Nadu’s tier 2 and tier 3 cities | Chennai News

CHENNAI: Leading private eyecare chain Maxivision Super Speciality Eye Hospitals is foraying into Tamil Nadu and will invest Rs 400 crore for establishing around 25 hospitals and 100 vision care centres in the state by FY25.
The revenue potential is expected to be at Rs 100 crore by the end of 2024-25.
Maxivison signed a memorandum of understanding (MoU) with the state government on Tuesday for establishing the new hospitals under the project ‘Velicham.’ Chief minister M K Stalin and industries minister T R B Rajaa were present when the MoU was signed.
GSK Velu, promoter and chairman of Maxivision, said the eyecare chain would open 20-25 super speciality eye hospitals in tier 2&3 cities of the state over the next two years.
“The first hospital would be set up in Thanjavur, followed by Trichy, Perambalur and Madurai. The vision care centres will be coming up in tier 3 and tier 4 cities,” he said.
Around 2,000 people would be recruited to the new facilities, and 10%-15% of them would be ophthalmologists, he added.
In July this year, Maxivision announced that it had raised up to Rs 1,300 crore from the Singapore-based private equity firm Quadria Capital. Of this, Rs 400 crore would be used for expansion in Tamil Nadu.
Its maiden entry into Tamil Nadu is aimed at tapping the huge market in the state.
Maxivision, which is operating 42 centres in six states with a leadership position in Andhra Pradesh and Telangana, is planning to be present in a total of 11 states, including Maharashtra and Chhattisgarh.
Velu said the super speciality hospitals to be launched in Tamil Nadu would have facilities on a par with its hospitals operated in Hyderabad and other major cities.
“The uniqueness of our chain of hospitals is that we will be offering mobile robotics surgery,” he said.
Queried about the expansion plans in the state, he said, “In Tamil Nadu, we are looking at both green and brownfield expansions. Out of the Rs 400crore investment in Tamil Nadu, 70% would be for technology and equipment to offer hi-tech services.”
Shibu Varkey, regional medical director of Maxivision, said, “The eyecare chain operates on a model, wherein people from tier 2&3 cities need not have to visit major cities or metros for treatment. For instance, patients from Thanjavur need not travel to Trichy or Chennai as similar treatment would be available in our hospitals in their hometown.”

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