Healthcare & Life Sciences
Genworks acquires invitro diagnostics unit of IRIS healthcare
About
Genworks Health Private Limited
Genworks Health Private Limited is a healthcare equipment provider. It provides solutions which include Imaging Solutions, Cardiology Solutions, Women’s Health Solutions, Critical-Care Solutions and Perioperative Solutions. While Genworks started with distribution of disruptive technologies from GE healthcare, it has offered a host of solutions from various best in class technology providers to complement and complete the requirements of healthcare professionals. The future holds inspiring possibilities for a healthier India with disruptive solutions and inclusive approaches.
IRIS Healthcare Technologies Private Limited
IRIS Healthcare Technologies Private Limited is a fast-emerging Healthcare Company incorporated by an experienced and highly competent team from the Diagnostic Industry to provide innovative solutions for the requirements of the Clinical Laboratories.
Background
We are pleased to announce the acquisition of invitro diagnostics unit of IRIS healthcare by our client Genworks Health Private Limited (“Genworks”).
Genworks, founded by industry veteran Mr Ganesh Prasad, MD & CEO and backed by Somerset, Morgan Stanley, Evolvence India and Wipro GE healthcare is a leading Tier 2/Tier 3 focussed healthcare solutions provider to hospitals, diagnostic centers, clinicians and healthcare delivery providers with a Pan India distribution and service network. Genworks aims to improve reach and quality of healthcare via creating access to affordable yet cutting edge medical technologies, digital & AI solutions, liquification of specialist expertise, services and financing.
This acquisition will give Genworks access to 1,500+ installations of IRIS Healthcare in Metro and Tier-1 geographies, complement its presence in the Tier-2/beyond, and to emerge as a National player of scale in the fragmented IVD market.