Metropolis Healthcare open to acquisitions; IPO to hit Street on Wednesday

Diagnostic firm Metropolis Healthcare, which is launching its Rs 1,200 crore initial public offering (IPO) next week, is open to making further acquisitions in this space. The company has used the inorganic route to growth in its initial years and made around 25 acquisitions in the past 18 years. 

Sushil Shah, chairman of Metropolis Healthcare, said if a good acquisition opportunity came up, they were open to evaluate it. “We are growing at a decent pace and generating good free cash flow. With the IPO, around 50-60 per cent debt at the holding company level would be gone. It is