Vasan Healthcare

Vasan Healthcare Group is a health care group in India. Founded by A. M. Arun, the group is based in Trichy and has more than 170 eye care hospitals in India and 27 dental Hospitals across 4 states in South India. Company also operates two multi-speciality hospitals in Trichy. Vasan Eye Care Hospitals are day-care centres for treating eye ailments. They started their first hospital in kerala, 2010 at Kozhikode. The corporate office of the hospital is located in Chennai.

Vasan Hospital
vasan
Geography
LocationChennai, Tamil Nadu, India
Organisation
Care systemPrivate
FundingFor-profit hospital
TypeSpecialist
Services
SpecialityEye care
History
Opened2002
Links
Websitehttp://vasaneye.com
ListsHospitals in India

History

Vasan Medical Centre, a chain of medical stores, was established at Trichy and Thanjavur in 1947 by late A R Murugaiah, former MP of Karur constituency. His son Dr. A M Arun, the founder of Vasan Healthcare Group, took over the business in 1991 after the sudden demise of his father, established a diagnostic centre and laboratory and later founded two multi-speciality hospitals in Trichy. A M Arun (died 16 November 2020) started the group's first eye care hospital in 2002 in Trichy.[1]

Controversies

In September 2015, a Chennai based chartered accountant S Gurumurthy had alleged that former Finance Minister of India, P. Chidambaram had used firms to launder black money using the Vasan Eye Care hospital chain, which he and his son owned through benami companies.[2][3]

Insolvent

In 2017, insolvency process was started based on the order of the National Company Law Tribunal in Chennai, India, on a petition filed by Alcon Laboratories (India) Pvt. Ltd., being a supplier. Ater a legal stay sorted for the action in 2017, which lasted till October 2019, the legal proceedings have been started then.[4]

References
  1. Subramanian, T. S. (28 July – 10 August 2012). "Health marvel". Frontline. The Hindu. 29 (15). Retrieved 24 July 2012.
  2. "ED raids Vasan Eye Care and other companies linked to Karti Chidambaram". www.thenewsminute.com. Retrieved 1 December 2015.
  3. "P Chidambaram, Vasan Eye Care and Rs 223 Crore Black Money". www.newindianexpress.com. Retrieved 17 September 2015.
  4. "Vasan Health Care insolvency process cannot be started afresh, says National Company Law Tribunal". www.thehindu.com. Retrieved 12 August 2021.
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