NephroPlus, India’s largest dialysis network and a trailblazer in redefining dialysis care in India announced its first major overseas acquisition. NephroPlus acquired majority stake in Royal Care Dialysis Centers, Inc (RCDC), a reputed dialysis network in the Philippines with deep focus in delivering high quality care. Through this strategic partnership, NephroPlus has become the 1st Indian dialysis network to expand overseas, marking the company’s transition to becoming a Multi-National Corporation.
This cross-border acquisition will help NephroPlus to access the $400 million Philippines dialysis market and the company aims to clock a business of $50 million by 2025, by when the company plans to take the number of centres from six now to 50.
Vikram Vuppala, Founder and CEO, NephroPlus said with the acquisition the company aims to become the largest dialysis network in Philippines in next 5 years.
"We have already started talking to several dialysis centres in Philippines to fuel our expansion plans. With this entry into Philippines, we reiterate our commitment to build a dominant multinational network across Asia, Middle East and CIS geographies," Vikram said.
Through this deal, NephroPlus will be responsible for the network’s existing operations and will lend all its India based protocols, technologies, and operational expertise to RCDC with an aim to improve dialysis care in the Philippines. As part of the company’s overseas expansion strategy, NephroPlus aims to expand the services in other provinces and grow this network to 50 dialysis centers in the next 5 years.
Founder of Royal Care Dialysis Network, Sunil Chellani said, "We aim to bring NephroPlus's world class clinical care coupled with industry leading patient centric philosophy to better serve patients in the Philippines. With this partnership, we are confident that we will grow to become the dominant dialysis network in Philippines in 4 5 years."
NephroPlus currently operates 230 dialysis centers in 132 cities across 20 states in India.