Healthcare & Life Sciences
VedaCorp advises Anderson Diagnostics, fast growing speciality diagnostics company, on its fund raise from Tata Capital Healthcare Fund
About
Anderson Diagnostics
Anderson Diagnostics Private Limited is engaged in the business of providing diagnostic services including pathology, radiology, and specialized genetic tests. The company is headquartered in Chennai with a dominant position in South India. It operates three specialty pathology cum radiology centres with advanced PET facility with 40+ doctors across nuclear medicine, radiology, and pathology. For more information, visit https://www.andersondiagnostics.com/
Tata Capital
Tata Capital Healthcare Fund is a mid-market private equity fund that targets long-term capital appreciation through private equity growth-capital investments in healthcare companies that have a significant proportion of their operations in / revenues from India. For more information, visit https://tatacapitalhealthcarefund.com/
Background
We are pleased to announce that Tata Capital Healthcare Fund II, a leading mid-market Private Equity Fund, has acquired a minority stake in Anderson Diagnostic Services Private Limited (“Anderson Diagnostics”).
Founded by Dr. Anand, Dr. Srinivasaraman and Dr. Suriyakumar in 2008, Anderson Diagnostics has established itself as one of most successful players in nuclear medicine diagnostics and high-end pathology offerings across India.
The Company today has a well-entrenched presence with three fully equipped pathology cum radiology centres in Chennai, a network of step-down processing centres across South India and high-end pathology collection across India. The funds raised would be used to expand the company’s processing network across major cities in South India.