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Metropolis Healthcare signs binding agreement to acquire Shraddha Diagnostics

Metropolis Healthcare signs Shraddha Diagnostics

Leading diagnostic service provider Metropolis Healthcare has signed a binding agreement to acquire Ahmedabad-based Shraddha Diagnostics Pvt Ltd.

With this acquisition, Metropolis, boasts to have 20 labs from current figure of 17. It has expanded its footprint in 9 cities and towns including Ahmedabad, Surat, Baroda, Mehsana, Rajkot, Navsari, Jamnagar, Bharuch and Gandhidham.

At present, the company has 300 patient service network centers across Gujarat and services over 1500 clients through its B2B network.

“Gujarat has always been an important market for us. In October 2019, we acquired four laboratories in Surat that increased our market share and we are now leaders in the region. Our immediate focus would be to fully integrate and modernize these laboratories and in terms of diagnosis, deliver on our promise of integrity, empathy, and accuracy,” Ameera Shah, Promoter and Managing Director, Metropolis Healthcare Ltd said.

Shraddha Diagnostic was started by Dr Hiren Shah and Dr Dushyant Patel. With these two young and dynamic pathologists joining the Metropolis Family, it is the right launchpad for modern and integrated laboratory services in Ahmedabad.

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