Pharmeasy-backed diagnostic provider Thyrocare, said it will be acquiring 100% stake in Chennai-based Think Health Diagnostics to enter into providing electrocardiogram (ECG) services at home. The financial details of the deal were not disclosed.
Thyrocare has entered into a share purchase agreement with Think Health Diagnostics and their existing shareholders on February 1, 2024.
The acquisition allows Thyrocare to become one of the largest diagnostics at home healthcare service providers. This acquisition paves the way for Thyrocare to tap additionally into the insurance segment.
“This will allow us to give our insurance partners a one stop solution for blood and ECG testing and further deepen our presence in the Pre Policy Medical Checkup and Annual Health Checkup market,” said Rahul Guha, MD & CEO of Thyrocare.
“Our vision is to scale these services nationwide, leveraging our robust at-home service network and spearheading advancements in comprehensive healthcare accessibility for all across India,” Guha added.
This merger enhances Thyrocare’s partnership business with the existing Think Health operational presence in 10 cities namely Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kanpur, Mumbai, Pune, Surat and Jaipur. With such presence, it sets the stage for a nationwide expansion.
Source: Economic Times