VERTICES PARTNERS advised Dr. Gadgil Eye Hospital on a majority stake acquisition by ASG India Oculus Private Limited. The transaction team was led by Manu Varghese (Partner) along with a team that included Anushree Pathak (Senior Associate), Mitali Hakani (Associate Manager) and Stuti Jain (Associate). Founder and Managing Partner, Vinayak Burman, provided strategic inputs. Dr. Gadgil Eye Hospital, a leading eye care center in Thane, boasts 25 years of experience. They utilize cutting-edge technology to deliver premium services, specializing in advanced procedures like cataract surgery. The hospital is known for its comprehensive eye care, including treatments for glaucoma, and offers services such as contact lens prescriptions and LASIK. ASG Eye Hospital is a leading chain of super-specialty eye hospitals in India, known for its advanced ophthalmic care and cutting-edge technology. Founded in 2005 by a team of AIIMS-trained doctors, the hospital has expanded rapidly across multiple cities, providing specialized treatments for cataracts, glaucoma, retinal disorders, and refractive surgeries like LASIK. Earlier this year, ASG Eye Hospital had acquired a majority stake in Vedanta Eye Hospitals. The acquisition is part of ASG’s strategic expansion into the Mumbai Metropolitan Region and follows its broader consolidation efforts in India’s ophthalmology sector, including earlier takeovers such as Vasan Eye Care. Intellecap served as the exclusive advisor for the transaction. With this deal, ASG further strengthens its nationwide network of over 160 super-specialty eye hospitals across 83 cities. The financial terms of the acquisition have not been publicly disclosed, but comparable transactions in the sector have ranged between ₹20 crore to ₹300 crore. ASG previously raised ₹1,500 crore in 2022 from General Atlantic and Kedaara Capital, marking one of the largest fundraises in the Indian eyecare industry, and has since continued its aggressive growth trajectory.