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Healthcare Unicorn Pharmeasy Acquires Majority Stake In Thyrocare Technologies: Report

Healthcare Unicorn Pharmeasy Acquires Majority Stake In Thyrocare Technologies: Report PharmEasy (Source: Entrackr) API Holdings Ltd (API), the parent company of digital healthcare brand Pharmeasy, is set to acquire automated accredited diagnostic laboratory Thyrocare Technologies, making the first such deal of a listed entity by an Indian unicorn. API Holdings has signed definitive documents to acquire 66.1 per cent stake in Thyrocare Technologies Ltd (Thyrocare) from Dr A. Velumani and affiliates at a price of Rs 1,300 per share aggregating to Rs 4,546 crore. The transaction is subject to regulatory and other applicable customary approvals. Docon Technologies Pvt Ltd, a 100 per cent subsidiary of API, will be the acquirer and shall make an open offer for an additional 26 per cent stake.

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