Healthcare & Life Sciences
VedaCorp advises PH Diagnostics, Pune on 100% stake sale to Vijaya Diagnostics for INR 1475 Mn.
About
PH Diagnostics
PH Diagnostics, founded in 2001 by Dr. Hemant Dhoka and headquartered in Pune, is a NABL & ISO certified diagnostic center. It is Pune’s leading diagnostic network with over 22 centers, encompassing a multi-specialty laboratory and radiology facility. It has a robust team of professionals, including experienced teams of doctor and medical specialists.
Vijaya Diagnostic
Vijaya Diagnostic, founded in 1981 by Dr. S. Surendranath Reddy, is one of India’s largest comprehensive Diagnostic Centre Networks with 140+ state-of-the-art NABL certified diagnostic centers across 20 cities. It has major presence in Telangana and Andhra Pradesh. The company’s in-house team consists of 2,200+ professionals, including 200+ India’s top pathologists, radiologists, and microbiologists. .
Background
We are pleased to announce that our client, PH Diagnostics has divested 100% of its business to Vijaya Diagnostics, India’s leading diagnostic player and one of the few organized players to offer integrated pathology and radiology services.
PH Diagnostics, founded by Dr. Hemant Dhoka in 2001, is a customer-focused integrated chain of 22 diagnostic centres across Pune, which includes three advanced radiology hub centres and three spoke centres for basic radiology services. The acquisition aligns with Vijaya Diagnostics’ goal to expand its diagnostic network in Western India.
Veda Corporate Advisors (“VedaCorp”) was the exclusive financial advisor to PH Diagnostics on this transaction. VedaCorp provided comprehensive transaction advisory services covering strategic positioning and negotiation of key commercial terms.
This is 20th transaction for the year 2024 and also the 7th transaction in the diagnostics space.
“VedaCorp’s handling of the transaction reflected their understanding of the space and the team was in complete control of the process till the end. Gana & team understood the requirements of all the stakeholders and ensured the deal was navigated smoothly to achieve closure”
Dr. Hemant Dhoka, Founder
PH Diagnostics
“Dr Hemant Dhoka over the last 2 decades has built “PH” as a solid brand in the integrated diagnostic space in the Pune market. We believe this acquisition by Vijaya Diagnostics sets an ideal platform to build its business in West India”
S Ganapathiraman
Managing Director, Veda Corporate Advisors