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Metropolis to boost presence in Surat with acquisition of 4 new labs

Franchise India Bureau
Franchise India Bureau Oct 04 2019 - 1 min read
Metropolis to boost presence in Surat with acquisition of 4 new labs
Presently, Metropolis is operating 13 labs in Gujarat at Ahmedabad, Surat, Vadodara, Mehsana, Rajkot, Navsari, Jamnagar and Gandhidham.

Metropolis Healthcare Ltd, which is backed by private equity firm Carlyle, has bought four labs in Surat, Gujarat, for a combined consideration of Rs 18 crore. With this, the diagnostics chain will strengthen its footprint in the city.

Metropolis acquired Doctor's Clinical Laboratory for Rs 4.5 crore, lyer Pathology Laboratory for Rs 3.5 crore, Nagar Pathology Laboratory for Rs 2.5 crore and Yash Clinical Laboratory for Rs 7.5 crore. The company made acquisitions through its subsidiary Desai Metropolis Health Services Pvt Ltd.

These labs provide diagnostic and pathological services, including high-end diagnostic services through automated technologies.

Ameera Shah, Managing Director of Metropolis Healthcare, said, “Many industry reports have cited that consolidation is a way forward for the diagnostic industry and large national players are set to benefit from this consolidation. Metropolis with its successful track record of consolidation and integrating businesses is at an advantage.”

Presently, Metropolis is operating 13 labs in Gujarat at Ahmedabad, Surat, Vadodara, Mehsana, Rajkot, Navsari, Jamnagar and Gandhidham. It also has around 300 patient service centers across the state.

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