Apollo White Dental to raise Rs. 75 crore on expansion.

Alliance Dental Care, a joint venture between Apollo Hospitals and Trivitron Health Care, is planning to raise Rs. 50-75 crore from private equity (PE) funds to support expansion. The brand name of Apollo's dental clinics is Apollo White Dental.

Venkatesh Vastare, chief executive officer of Alliance Dental Care, said the company would add 75-100 clinics every year to its existing 91 clinics in operation. The investment for setting up one clinic is Rs 85-95 lakh. The expansion will be a combination of company-owned and collaborative models.

'We are estimating Rs. 150-200 crore to set up clinics and to support this, we're planning to raise Rs 50-75 crore from PEs,' he said. Each of these clinics will be spread in 1,500-2,000 sq ft and will have three to five chairs (dentists).

By 2020, the company aspires to be one of the largest dental chains in the world with 500 centres.



BS