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Vardhman Health Specialties is a specialty products provider to hospitals in therapeutic areas of oncology, immunotherapy and virology. As per the statement released, both Aknamed and Vardhman are focused on building a robust hospital focused supply chain in India through the use of technology, data, high-quality infrastructure and scale
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Aknamed, a cloud-based healthcare supply chain platform in India, has acquired pharmaceutical products distributor Vardhman Health Specialties. It bought the company for $35 million, according to a report.
WHY IT MATTERS
In a joint statement, the companies said the combination comes at a time of high demand for medical supplies. [T]he need of the hour is to build a strong healthcare supply chain management in the country, they said.
The companies will work towards building a robust hospital-focused supply chain in India , leveraging technology, data, high-quality infrastructure and scale.
Besides distribution, Vardhman also develops medical devices, as well as healthcare platforms that run on new technologies, such as artificial intelligence and the internet of things.
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Aknamed buys Vardhman Health Specialties for $40 mn
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Bengaluru-based Akna Medical (Aknamed), a tech-enabled supply chain platform for the healthcare sector, has acquired Vardhman Health Specialties (Vardhman), a specialty products provider to hospitals in therapeutic areas of oncology, immunotherapy and virology for $40 million.
Over the next two years, Aknamed is expected to invest additional capital to fuel organic and inorganic growth while continuing to invest in people, technology and infrastructure, as per a statement.
The combined teams of Aknamed and Vardhman would work towards building a robust hospital supply chain in India, through the use of technology, data, quality infrastructure and scale, said the Aknamed.