GIC picks up minority stake in Vasan Healthcare

MUMBAI: Vasan Healthcare which runs a chain of eye and dental clinics today received a $100 million funding from the Government of Singapore Investment Corporation ( GIC) for network expansion.

GIC has picked up a minority stake in the company and thus joined other private equity investors like Sequoia Capital and Westbridge Capital, the company said in a statement here.

The investment will help Vasan expand its network of eye hospitals from its current 102 and its dental hospitals from the present 14 centres through a mix of organic as well as inorganic routes, it said.

Incorporated in 2002, Vasan employs 600 ophthalmologists and over 140 dentists as part of its over 6,000 employees.