SRL Diagnostics has acquired Lifeline Laboratory in order to expand its presence in the Indian pathology market.
According to a statement from the firm, the acquisition of Lifeline, which is based in the National Capital Region, would help SRL grow faster and reach more areas.
In keeping with its plan to increase its presence in important areas including Delhi, Mumbai, Uttar Pradesh, Andhra Pradesh, and Telangana, SRL Diagnostics has acquired Lifeline Laboratory.
The business highlighted that standalone pathology labs and Mumbai-listed firms including Metropolis Healthcare Ltd, Dr Lal PathLabs Ltd, and Thyrocare Technologies Ltd, as well as the extremely fragmented Indian diagnostics sector, compete with SRL Diagnostics.
The press announcement added that SRL performs more than 100,000 tests daily and offers over 3,500 different tests in pathology, radiology, wellness, occupational health, and clinical trials through its network of over 400 labs and 9,000 collection centres.
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