Healthcare service provider Apollo Hospitals and medical technology company Trivitron Healthcare on Monday announced a joint venture for a chain of dental clinics in the high-end and affordable healthcare segments in the country.
The joint venture, Alliance Dental Care, is looking to set up 100 clinics across India over the next 18 months of which 5-7 will be luxury dental spas for cosmetic procedures, 40-50 will be dental studios in major metros and the rest affordable dental care centres.
Apollo will own a 70% stake in Alliance Dental Care.
In the first phase of the rollout, the joint venture plans to raise about Rs. 50-60 crore from private equity investors for the project.
The dental chain is eyeing revenue of Rs. 25 crore by the end of the year and hopes to touch Rs. 100 crore by 2014.
Apollo’s existing network of 20 dental clinics in Chennai, Bangalore, Hyderabad and Kolkata will be rebranded White Dental Clinics and be brought under the joint venture.
The express dental clinics under the same banner will tap customers at airports, malls, Apollo clinics and Apollo hospitals for quick services like dental cleaning and whitening.
The dental chain also plans to expand to emerging markets in South-East Asia, West Asia, Africa and Eastern Europe over the next two years.
Source: Livemint