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Super Religare takes over Piramal Healthcare subsidiary for Rs 600 crore

14-Jul-2010

In a 600 crore buyout deal, Piramal Diagnostic Services is now a part of Super Religare Laboratories.

The Piramal Heathcare diagnostic centre does pathology and radiology diagnostic services through a network of 107 laboratories with FY10 revenues of over Rs 200 crore.

Through this deal, Super Religare wil noe emerge as a diagnostic services with the largest network of pathology and radiology centres in the country.

Only last month, Piramal sold out its domestic formulations to Abbott Laboratories for $3.72 billion.

Being the third largest manufacturer of inhalation anesthetics in the world, Piramal certainly has a significant presence in the global critical space. With assets spread across Europe and Asia and North America, the company is also one of the largest custom manufacturing companies across the world.
   

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