Last month, NephroPlus—India’s largest network of dialysis centres—ended a three-year hunt. Having scoured nations across Asia, it finally settled on its first overseas expansion. The 11-year-old company announced that it had bought a 51% stake in a Philippines-based dialysis care chain, Royal Care Dialysis Centers Inc (RCDC).
Founded by Sunil Chellani, an Indian-origin healthcare entrepreneur, eight-year-old RCDC has six standalone dialysis centres scattered across the Metropolitan Manila area—the national capital region of the Philippines. Over the next five years, says Vikram Vuppala, NephroPlus plans to initially invest US$15-20 million in the partnership. “We will acquire another 24% in RCDC over the next five years,” claims Vuppala, who is one-third of the entrepreneurial trio that set up NephroPlus, and serves as its CEO.