MOPE invests Rs 194 crore in Mankind Pharma diagnostics venture Pathkind
Pathkind does over 4,000 tests across all the segments, including biochemistry, haematology, serology, histopathology, molecular biology and cytogenetics.
Mumbai: Motilal Oswal Private Equity on Friday announced that a fund managed by it has made an investment of Rs 194.4 crore or USD 25 million in Pathkind Diagnostics for an undisclosed stake.
The fund will be utilised for expanding into south India, further develop the IT infrastructure and digital marketing efforts, its director and promoter Eklavya Juneja said.
The diagnostics chain, started in 2016 by Sanjeev Vashishtha -- its current promoter, managing director and chief executive, and the promoters of Mankind Pharma, has over 75 labs and 2,000 exclusive collection centres in 23 states.
''Setting up Labs run by qualified MD Pathologist doctors, skilled technicians and scientists in every nook and corner of the country using state of the art technology and automated platforms, such that the patients don't have to travel long distances for their diagnostics requirements, is our top priority,'' Vashishtha said.
Juneja said in the next six months, it will expand in south India to become a pan-India player.
Read also: Mankind Pharma multivitamin brand Health OK unveils Gummies for children
Disclaimer: This website is primarily for healthcare professionals. The content here does not replace medical advice and should not be used as medical, diagnostic, endorsement, treatment, or prescription advice. Medical science evolves rapidly, and we strive to keep our information current. If you find any discrepancies, please contact us at corrections@medicaldialogues.in. Read our Correction Policy here. Nothing here should be used as a substitute for medical advice, diagnosis, or treatment. We do not endorse any healthcare advice that contradicts a physician's guidance. Use of this site is subject to our Terms of Use, Privacy Policy, and Advertisement Policy. For more details, read our Full Disclaimer here.
NOTE: Join us in combating medical misinformation. If you encounter a questionable health, medical, or medical education claim, email us at factcheck@medicaldialogues.in for evaluation.