Anderson Diagnostics raises funding from Tata Capital Healthcare Fund

Tata Capital Healthcare Fund (via its Fund II) has acquired a minority stake in Chennai-headquartered Anderson Diagnostic Services Pvt Ltd. Veda Corporate Advisors was the exclusive financial advisor to the company and its promoters on the transaction. Founded in 2008, Anderson Diagnostics is a player in nuclear medicine and high-end pathology offerings across India. The company has three pathology-cum-radiology centres in Chennai, a network of step-down processing centres across South India and high-end pathology collection network across India. The new funds raised would be used to expand the company's processing network across cities in South India.