[ad_1]
Manipal HealthMap, the diagnostics arm of Manipal Group, on Wednesday stated it has acquired a 100 per cent stake in Hyderabad-based Medcis PathLabs. The corporate had acquired an 84 per cent stake in Medcis Pathlabs in April 2022 for Rs 100 crore in an all-cash transaction.
It has now acquired the remaining 16 per cent stake within the firm.
“That is yet one more effort to change into the most important built-in diagnostics companies model throughout the Manipal Group,” Manipal HealthMap CEO Sandeep Sharma stated in an announcement.
The mixed entity could have a consolidated back-end operation of its labs at frequent places of Pune, Delhi-NCR, Bengaluru, Kolhapur, and Nagpur.
Medcis Pathlabs presently has 23 laboratories unfold throughout the nation.
[ad_2]
Source link
