Indian healthcare firm expands into Sri Lanka with ADB funds
ECONOMYNEXT – Asian Development Bank (ADB) will invest 10 million US dollars in India’s DCDC Healthcare Services Private Limited (DCDCPL) to help expand its network and extend it to Sri Lanka.
DCDCPL will invest in a new network of centres providing dialysis and related services to end stage renal disease patients in Sri Lanka.
The company, which is an Indian public-private partnership, has 100 centres in government and private hospitals and two standalone clinics across the world’s second most populous country, with a total capacity of over 800 dialysis machines.
“The company has firmed up its plans to expand into Sri Lanka and a part of the proceeds from ADB’s investment would be utilized towards that,” DCDCPL Founder and Chief Executive Aseem Garg said.
The ADB said that demand for dialysis services in Sri Lanka is around 16 times the current capacity of service providers.
“This expansion will enhance access to critical dialysis care for a larger section of the population and enable them to continue to lead productive lives,” ADB Principal Investment Specialist for Private Sector Operations Mayank Choudhary said.
(COLOMBO, July 03, 2018)