M&A

M&A

Manipal HealthMap fully acquires Medcis PathLabs

Economic Times  

Delhi-headquartered Manipal HealthMap, the diagnostics arm of Manipal Group, has acquired a 100% stake in Hyderabad-based Medcis PathLabs. The company had acquired a 84% stake in Medcis in April 2022 for INR 100 crore in an all-cash transaction. It has now acquired the remaining 16% in the company. The combined entity will have consolidated back-end lab operations at Pune, Delhi-NCR, Bengaluru, Kolhapur, and Nagpur. Medcis Pathlabs currently has 23 laboratories across the country.