Germany's Fresenius Medical buys dialysis service provider Sandor Nephro

Fresenius Medical Care AG & Co KGaA, the Germany based provider of dialysis products and services, has acquired 85 percent stake in Sandor Nephro Services, which operates in-hospital dialysis units in the country, from a group of investors for an undisclosed amount.

Established in 2011, Sandor Nephro Services is India’s second largest dialysis care provider. Under the brand name Sparsh Nephrocare, the company operates a network of more than 50 dialysis centers across the country. With the acquisition, Fresenius Medical Care will clearly strengthen its core business in one of the fastest growing economies of the world.

Sandor Nephro Services is expected to generate revenue of around $ 3 million in full year 2016. Fresenius Medical Care expects the investment to be accretive in 2017 on earnings after tax.

“With the acquisition of Sandor Nephro Services we will reach a new scale in the dialysis business in India. We have been in India for more than 15 years primarily with our product portfolio and we are now taking the next important step. This is a unique opportunity to become one of the major players in a market where we expect a strong growth in the overall economy and where we will help treating chronically ill dialysis patients,” said Rice Powell, chief executive officer of Fresenius Medical Care.

Saurav Panda and Gaurav Porwal, the two co-founders of Sparsh Nephrocare, have committed themselves to stay with the company for at least three years. “We are very pleased to join the Fresenius Medical Care Group. After building up one of the most successful dialysis chains in India, we now have a strong partner on our side to further grow the business,” commented Saurav Panda. 

Fresenius Medical Care is the world's largest provider of products and services for individuals with renal diseases, of which around 2.8 million patients worldwide regularly undergo dialysis treatment. Through its network of 3,504 dialysis clinics, Fresenius Medical Care provides dialysis treatments for 301,548 patients around the globe. Fresenius Medical Care is also the leading provider of dialysis products such as dialysis machines or dialysers.