“Our key focus markets will be Tamil Nadu and Bengaluru in this cycle of growth”: Dr.Chandrakumar, Chairman    

Kauvery Hospitals, one of the leading hospital chains in South India, has built a strong foothold in its focus markets with over 2 decades of operations. Established in 1999 by Dr. S Chandrakumar and Dr. S Manivannan as a 30-bedded hospital in Trichy, Kauvery has now evolved into a network of 9 Healthcare facilities comprising over 1,500 beds spread across six cities.

The hospital network offers comprehensive care across varied specialties with focus on Cardiology, Oncology, Neurology, Organ-transplant, Gastric Sciences, Renal Sciences and Orthopaedics. It has cemented its position as a strong value-focused player in Tier-1 cities, while extending access to high-end tertiary care services in Tier-2 cities.

Kauvery has a proven track record of balanced expansion through greenfield as well as inorganic route, having transformed multiple acquired assets into highly profitable units in short time spans. The Group has recently acquired Hospitals in Tirunelveli and a second hospital in Bengaluru, and will be launching its second facility in Chennai before the end of this Calendar year. Its presence in both Tier-1 and Tier-2 cities has allowed it to adopt and practice effective cost optimization measures, a key factor contributing towards healthy EBITDA margins and industry leading returns on capital, across all its hospitals.

Dr. Chandrakumar, Founder and Chairman of Kauvery Hospitals said, “The Company is currently in the midst of a fast-paced expansion program, as it plans to reach 3,000 beds by 2025 with a network of 15 hospitals spread across 7 cities in South India, Tamilnadu and Bengaluru being the focus-regions, with a total capex outlay of INR 1,000+ crores. We will also continue to evaluate opportunistic acquisitions in South India, and also expand our offerings into immediate adjacencies, over and above the current plan.”

Dr. Manivannan, Founder and Managing Director of Kauvery Hospitals said, “Kauvery Hospitals continues to provide best-in-class personalised care with highest standards of clinical protocols and ethical practices. This has been our key differentiator in the market, which together with a frugal cost structure, is the primary driver of our growth and profitability across all our existing regions. Over the years

the group has remained cognizant of the gaps in healthcare needs in its focus markets, which has enabled a wide acceptance of our services by patients”

Kauvery counts marquee global and Indian investors as its shareholders since the formative stages of the Company. It has had a stellar record of delivering on its growth and return promise to its existing investors, who continue to repose their faith in the promoters’ vision and would seek to continue after the current round of Fund-raising. The Founding Promoters’ team is actively engaged in the running of business and will continue to retain their controlling stake in the entity.

The Company has hired o3 Capital as its exclusive financial advisors with the clear objective to raise minority growth capital to fuel its planned expansion initiatives. The Company intends to go for an IPO once it achieves an optimum scale along with strong financial metrics in the next 3-4 years. Given the historical performance and crystallised expansion plans, various marquee investors have evinced interest in backing the group as the Company seeks to close the process in the next few months.