Manipal HealthMap buys Medcis

Hyderabad: In a major development, Bengaluru-based diagnostic service provider Manipal HealthMap acquired a 100 per cent stake in city-based Medcis PathLabs.

Manipal HealthMap had bought an 84 per cent stake in Medcis Pathlabs in April 2022 by paying Rs 100 crore in an all-cash transaction. In their most recent transaction, it secured the remaining 16 per cent stake. Medcis Pathlabs, with its headquarters in Hyderabad, presently has 23 laboratories spread across the country. The central laboratory in Hyderabad holds NABL accreditation.