Sector: Healthcare
LUPIN enters into the diagnostics business
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 acquires Sequoia supported Diagnostics Chain
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
Metropolis Healthcare changes terms of acquisition of Hitech Diagnostic to full cash
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
Abbott is more than 100 years old in India
Abbott, one of the most admired healthcare global company is also one of the oldest in India. It was established in India in 1910. When I first read about it, I couldn’t believe it and hence thought of sharing. Also for ease of reference, Abbott originally an American Company was founded in 1888. i.e., 22 … Read more