Thyrocare Technologies plans to buy Chennai-based Think Health Diagnostics and a related firm to offer home ECG services and grow its pre-policy medical checkup market.
On Monday, Thyrocare Technologies announced it will buy a Chennai-based home healthcare aggregator platform, Think Health Diagnostics, along with an associated firm for an unknown amount. For the sale, the company claimed it signed a share purchase agreement with Think Health Diagnostics and their shareholders.
The strategic acquisition helps Thyrocare offer home ECG services, it said.
The strategic purchase of Think Health Diagnostics positions Thyrocare Technologies to extend its pre-policy medical exams for the insurance industry, said Managing Director and CEO Rahul Guha.
He noted that this will allow the company to offer insurance partners a one-stop solution for blood and ECG testing and expand its pre-policy and annual health exam presence.
Thyrocare Technologies shares fell 1.33 percent to Rs 615.40 on the BSE.
Conclusion
Thyrocare Technologies plans to buy Chennai-based Think Health Diagnostics and a related firm for an unknown amount. Thyrocare will offer home ECG services, increase its pre-policy medical examinations for insurance, and offer insurance partners a one-stop solution for blood and ECG testing after the strategic purchase.
