Dr Batra's to raise Rs100 crore in private equity
30 August 2012
Homoeopathy clinic chain Dr Batra's plans to raise Rs100 crore from private equity investors with the bulk of the funds raised going towards expansion of its new line of business, B-Perfect. Part of the funds would be also used for mergers and acquisitions.
Dr Mukesh Batra, chairman and managing director of Dr Batra's Positive Health Clinic Pvt Ltd said the chain was in talks with a few private equity funds and would sign a deal with more than one player to raise the funds.
He added the chain did not require any assistance for its regular business of homeo clinics.
The company, runs 96 clinics across the country and would be adding 25 more by the end of the financial year. As it crosses the 100-clinic mark, it has decided to start franchisee model this year for expansion to tier-II and tier-III cities.
Batra said 90 applications had been received and the chain would be opening 35 clinics with this model by March next year.
He said over the next three years, the company would be adding 80 clinics, including 50 in the franchisee model. Regarding merger and acquisitions, he said the company was looking at buying small chains with 4-5 clinics in a city or state.