Thyrocare, a leading diagnostic and preventive healthcare service provider in India, will be acquiring a 100% stake in Chennai-based Think Health Diagnostics and a related entity.
Thyrocare entered into a share purchase agreement with Think Health Diagnostics and its existing shareholders on February 1, 2024. With this acquisition, Thyrocare becomes one of India's largest diagnostics home healthcare service providers. This strategic acquisition helps Thyrocare provide ECG services at home. This acquisition paves the way for Thyrocare to tap further into the insurance segment.
Thyrocare Managing Director and Chief Executive Officer Rahul Guha said, "With the strategic acquisition of Think Health Diagnostics, we are well-positioned to expand our footprint in pre-policy medical checkups for 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 markets."
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.
"This acquisition marks a pivotal moment in our growth trajectory," says Karkavel, CEO & Director, Think Health Diagnostics. "Together, we will leverage our extensive network and expertise to create an unparalleled offering, delivering seamless healthcare directly to patients' doorsteps.”
(Edited by : Ajay Vaishnav)
