Eris Lifesciences acquires UTH Healthcare for Rs 12.85 crore

Ahmedabad based Eris Lifesciences, that has clocked a 21.7 per cent compounded annual growth rate (CAGR) from FY13 to FY17, has acquired nutraceuticals company UTH Healthcare Ltd. in an all cash deal. Eris has acquired 100 per cent shareholding of UTH for Rs 12.85 crore. 

This is the company's first acquisition after being listed on the exchanges earlier this year. It posted revenues of Rs 725 crore in FY17, clocking a 21.4 per cent year on year growth with operating profit margins of 37.1 per cent. 

UTH Healthcare is largely engaged in the segments of obesity, diabetes, gestational diabetes mellitus,