Metropolis Healthcare acquires Core Diagnostics for ₹246.83 crore to expand cancer testing in India.
Metropolis Healthcare, India's second-largest diagnostics firm, has agreed to acquire Core Diagnostics for ₹246.83 crore to enhance its advanced cancer testing capabilities and expand its presence in Northern and Eastern India. The deal, to be financed with 55% cash and 45% stock, is expected to complete within 60 days, subject to shareholder approval. Core Diagnostics, founded in 2012, operates in 200 cities and offers over 1,300 high-end tests, mainly for cancer.
4 months ago
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