Kauvery Hospitals acquires Fortis Hospital, Vadapalani and is now 2nd largest Chain of Hospitals in Chennai

We are pleased to announce that Sri Kauvery Medical Care (India) Limited ("*Kauvery Hospitals*"), has successfully signed definitive agreements to acquire hospital business operations of Fortis Healthcare Limited at Vadapalani, Chennai.
*Kauvery Hospitals acquires Fortis Hospital, Vadapalani and is now 2nd largest Chain of Hospitals in Chennai*

Kauvery Hospitals, one of the leading hospital chains in South India, spearheaded by Dr. S Chandrakumar and Dr. S Manivannan, has built a strong foothold in its focus markets of Tamil Nadu and Karnataka over two decades and has emerged as one the leading hospital chains in South India. Established in 1999 as a 30-bedded hospital, it has scaled its presence to a network of 9 facilities comprising 2,000 beds spread across six cities viz. Chennai, Trichy, Bangalore, Salem, Hosur and Tirunelveli. The hospital network offers a high-quality comprehensive care across specialties with a strong focus on cardiology, oncology, neurology, renal sciences, orthopaedics, and organ transplants, amongst others.

With the acquisition of Vadapalani facility with 200+ beds in Chennai, Kauvery would have 750+ beds in Chennai together with its existing facilities at Alwarpet & Radial Road. This is in line with Kauvery's strategy to further expand its presence in Chennai and have more than 1,000+ beds in Chennai in the next 18 months.

"Kauvery is currently in the midst of a fast-paced expansion program, as it plans to reach 1,000 beds each by 2025 in Chennai, Bengaluru and Tamil Nadu clusters. This ramp-up would mean that the network shall comprise of 15 hospitals spread across 7 cities in South India, with 3,000+ beds and shall likely go for an IPO, in the next 36 months. With this acquisition of the facility at Vadapalani, Kauvery Hospitals shall be the 2^nd largest Hospital chain in Chennai and continue to focus on strengthening its leadership position in our existing markets," *Dr. Chandrakumar, Founder and Chairman of Kauvery Hospitals Group* said.

"Kauvery Hospitals, with three hospitals in Chennai and 9 more Hospitals spread across 5 cities, we have established a strong presence in Tamilnadu and Bengaluru. This new acquisition will help us to provide care to the larger community covering all parts of the city. We will be launching 2 more hospitals in Trichy and Bengaluru respectively in this financial year as part of our focussed expansion drive. We will continue to provide best-in-class personalised care with the highest standards of clinical protocols and ethical practices," *Dr. S Manivannan, Founder & Managing Director of Kauvery Group of Hospitals* said.