Currently, about 2/3rd of Dr Lal’s revenues comes from North. The Eastern and Western regions contribute 15% each, whereas South contributed only 6% of Rs 2,227 cr revenues in FY24. In October 2021, it had acquired Suburban Diagnostics to expand into West. It was it’s first large sized acquisition. Now after more than 2 years, … Read more
The partnership will see the deployment of advanced imaging technologies made available by Medikabazaar and United Imaging across Krsnaa’s extensive network of diagnostic centers, primarily focusing on semi-urban and rural areas. (United Imaging is a global leader in high-performance imaging equipment. Medikabazaar is India’s largest B2B Healthcare procurement & supply-chain solutions provider) Plan is to establish … Read more
Lupin announced the formal launch of it’s diagnostics business as part of it’s strategy to provide integrated healthcare in India. Key points to note – The business is housed under a wholly owned subsidiary, Lupin Diagnostics. The company launched operations with 11 labs including a 45,000 square feet national reference lab in Navi Mumbai and … Read more
Dr Lal Pathlabs (LPL) has acquired 100% stake in Suburban Diagnostics (SD) Key points to note SD is a Sequoia supported entity, who had put in Rs 40 crore into the Company in 2012. Sequoia had been drawing up an exit plan – explored IPO route previously and recently the more recently the Company was … Read more
Earlier on January 17, 2021, Metropolis Healthcare had approved the acquisition of Hitech Diagnostic Centre and its arm Centralab Healthcare Services in a combination of cash and equity shares deal. At that time, it was cash consideration of Rs 511 crore and equity consideration of up to 4,95,000 fully paid-up equity shares of Rs 2 each. Now the … Read more