Birla Fertility & IVF has bought BabyScience IVF Clinics as part of its plan to expand across India. This is the company’s second purchase in three months. Avanti Birla, the founder, said that the deal will help them strengthen their presence in western India, bringing the total number of clinics to 50. They plan to reach 100 clinics by the financial year 2028 and are considering expanding internationally, potentially in the next year.
Although the exact cost of the deal wasn’t shared, Birla Fertility plans to operate the clinics under both brand names for now. BabyScience IVF Clinics, which is based in Bengaluru, has 12 clinics in cities like Mumbai, Bengaluru, and Chennai, marking Birla Fertility’s entry into three new states.
Rising Infertility in India
India’s IVF industry is expected to grow quickly due to increasing medical tourism and more health issues causing infertility. About 25-30 million couples in India are facing infertility, and the IVF market is set to grow. Analysts predict that India’s IVF market will grow from $793 million in 2020 to $1.45 billion by 2027, with an even bigger jump to over $5.05 billion by 2033.
In May, Birla Fertility & IVF acquired an 86% stake in ARMC IVF, a chain of fertility centres in Kerala, adding seven clinics to its network. Industry sources estimate that this deal was worth around ₹100 crore.
₹500 Crore Investment Plan
Birla Fertility plans to invest over ₹500 crore to reach its goal of 100 clinics by FY28. This expansion will involve both opening new clinics and acquiring existing ones. While the company’s focus remains on India for the next 15 months, they are also considering expanding to Southeast Asia and the Middle East in the future.
With these recent acquisitions, Birla Fertility & IVF now has experience with over 120,000 IVF cycles and has treated more than 230,000 patients.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.