The diagnostics majors are looking at inorganic growth for their network expansion which is further heightening the competition. For instance, Dr Lal PathLabs acquired Suburban Diagnostics in 2021 for Rs 925 crore in West India. It is also planning expansion in South India.
The amended deal term is cash consideration of Rs 636 crore only as against the combination of cash and equity, earlier announced by the company, says Metropolis Healthcare.
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