Vasan Healthcare

Vasan Healthcare is an Indian healthcare company based in southern India. It provides multidisciplinary medical services, predominantly eye and dental care, at approximately 200 facilities in four Indian states.

Vasan Healthcare has been in business since 1947, when it was founded by former MP of Karur district, A R Murugaiah. The company opened its first specialty eye care hospital in 2002.

ASG Eye Hospitals acquired Vasan Healthcare in 2023 on undisclosed terms. The combined organization is one of the largest private medical service providers in India, with more than 500 locations across the country.

Services[edit]

Vasan Healthcare provides a comprehensive array of eye care, dental care, and surgical services. Specific disciplines and areas of focus include:

Dental implants
Dental surgery
Oral surgery
Ear, nose, and throat (ENT) surgery
Preventive dental services
Cataract treatment and surgery
Glaucoma treatment and surgery
Pediatric eye care services and eye surgery
Contact lens and eyeglass fitting (optical services)
Computer vision syndrome treatment
Neuro-ophthalmology (treatment of conditions related to the ocular nerve)
Oculoplasty services
Iris disorder treatment
Retinal treatment and surgery
Refractive treatment surgery (LASIK)
Cornea treatment and surgery

Founding and early history[edit]

Vasan Healthcare was founded as an independent pharmacy by A R Murugaiah, a former MP of Karur district in southern India. Mr. Murugaiah opened a single location in Trichy in 1947 and steadily expanded to nearby cities in the following years.

Corporate growth[edit]

At the time of Mr. Murugaiah’s death in the early 1990s, Vasan was a well-known pharmacy operator in the region. His son, Dr. A M Arun, took over the business in 1991 and began diversifying the organization to provide direct medical services, including eye care and dental care.

Dr. Arun opened Vasan’s first full-service eye care hospital in 2002. Numerous additional locations followed, setting the stage for a period of rapid growth that continued into the 2010s.

Dr. Arun passed away in 2020, at which time Vasan had some 600 ophthalmologists on staff and a combined care team of more than 6,000 employees capable of serving more than 10,000 walk-in patients every day. The company’s merger with ASG Eye Hospitals in 2023 made it one of the largest medical companies in India.

Companies that have invested in Vasan Healthcare[edit]

Vasan Healthcare has had a number of high-profile investors, including:

Investcorp: Investcorp was a key investor in ASG Eye Hospitals, which merged with Vasan Healthcare in early 2023.
GIC: The investment arm of the Singaporean government’s sovereign wealth fund was a key early investor in Vasan Healthcare.
Sequoia Capital India: The Indian arm of famed Silicon Valley venture capital shop Sequoia Capital. SCI was an early investor in Vasan Healthcare.
Westbridge Capital: The WestBridge Ventures II fund provided crucial growth capital to Vasan Healthcare during the 2010s.
ASG Eye Hospitals: A large Indian health system focusing on eye surgery and eye care. ASG and Vasan Healthcare merged in early 2023.

From inception through to its acquisition by ASG Eye Hospitals, Vasan Healthcare raised $122 million from private and public investors.

References[edit]

External links[edit]