Business Standard

Medlife acquires Mumbai-based MedLabz


Press Trust of India New Delhi
Health-tech firm Medlife Thursday said it has acquired Mumbai-based digital healthcare platform and diagnostics company MedLabz for an undisclosed amount.
This acquisition will help the company consolidate its diagnostics business, Medlife said in a statement.
The company has also launched its central laboratory in Bengaluru, it added.
Medlife founder and Chief Executive Officer Tushar Kumar said: "The acquisition has come at an opportune time for both the companies. While MedLabz was looking to scale up business, we wanted to strengthen our diagnostic capabilities through a viable acquisition."

The company, however, did not provide any financial details of the acquisition.
Medlife, which is a leading player in the online pharmacy segment, recently announced plans to expand presence in the retail pharmacy segment.

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First Published: Jan 31 2019 | 5:40 PM IST

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