Pathology chain Vijaya Diagnostic Centre Ltd has agreed to take over Pune-based PH Diagnostic Centre Pvt. Ltd in its first ever acquisition.
Mumbai-listed Vijaya Diagnostic will ..
Since PH Diagnostic Center is the largest business-to-consumer (B2C) diagnostic chain in Pune, it will help Vijaya Diagnostic expand rapidly in that region with a faster growth rate.
PH is Pune s largest integrated diagnostic centre, with 23 years of operations. It has three hub centres equipped with advanced radiology like MRI/CT, and another three spoke centres equipped to carry out basic radiology services like ECG, X-ray and ultrasound, and few collection and franchise centres, the filing said.
The company finds its niche in its radiology play, which contributes 36% to the overall revenue, and high B2C share and investments in latest technologies. After establishing a strong foothold in Telangana and Andhra regions, the company is set to expand its presence in other cities like Kolkata.
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