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Healthcare Unicorn Pharmeasy Acquires Majority Stake In Thyrocare Technologies: Report PharmEasy (Source: Entrackr) API Holdings Ltd (API), the parent company of digital healthcare brand Pharmeasy, is set to acquire automated accredited diagnostic laboratory Thyrocare Technologies, making the first such deal of a listed entity by an Indian unicorn. API Holdings has signed definitive documents to acquire 66.1 per cent stake in Thyrocare Technologies Ltd (Thyrocare) from Dr A. Velumani and affiliates at a price of Rs 1,300 per share aggregating to Rs 4,546 crore. The transaction is subject to regulatory and other applicable customary approvals. Docon Technologies Pvt Ltd, a 100 per cent subsidiary of API, will be the acquirer and shall make an open offer for an additional 26 per cent stake. ....
New Delhi [India], June 26 (ANI): Digital medicine delivery store PharmEasy will acquire 66.1 per cent stake in diagnostic chain Thyrocare for Rs 4,546 crore. API Holdings Ltd, the parent company of PharmEasy, announced the signing of definitive documents to acquire 66.1 per cent stake in Thyrocare from Dr A Velumani and affiliates at a price of Rs 1,300 per share. We will provide a world-class customer experience in diagnostics rivalling our pharmacy experience by leveraging technology, and building on top of the massive scale and truly pan-India presence of Thyrocare, said 32-year-old Siddharth Shah, Co-founder and CEO of API Holdings. It is our aim to deliver all out-patient healthcare products and services to every Indian within 24 hours, he said. ....