Thyrocare, a leading provider of diagnostic and preventive healthcare services in India, has signed a Business Transfer Agreement with Polo Labs Private Limited to acquire their pathology diagnostics business. This strategic move strengthens Thyrocare’s presence in Northern India, further establishing its position as a key player in the Indian diagnostics industry.
Polo Labs, headquartered in Punjab, is a well-established pathology diagnostics company with 14 laboratories spread across Punjab, Haryana, and Himachal Pradesh. Their extensive network and regional expertise make them a valuable addition to Thyrocare’s operations. With a substantial client base and strong market presence in Northern India, Polo Labs plays a vital role in the region’s healthcare infrastructure.
This acquisition aligns perfectly with Thyrocare’s broader strategy to enhance its diagnostic capabilities and expand its footprint across India. By integrating Polo Labs’ established network with Thyrocare’s advanced diagnostic infrastructure, the company aims to provide improved service delivery, faster turnaround times, and enhanced patient convenience.
Rahul Guha, MD & CEO of Thyrocare Technologies Ltd. and President of API Holdings, commented, “This strategic acquisition will bolster our diagnostic capabilities and service offerings by leveraging Polo Labs’ extensive network in North India. We are committed to ensuring a smooth integration and look forward to the growth and innovation this acquisition will bring. Together, we will continue to deliver exceptional diagnostic services to a wider client base.”
This acquisition underscores Thyrocare’s commitment to growth, innovation, and excellence in the healthcare sector. As the company continues to expand its reach and capabilities, it remains dedicated to providing high-quality diagnostic services to communities across India.
Thyrocare Technologies Limited is India’s first and foremost fully automated laboratory chain, with a strong presence in over 2,000 cities and towns both nationally and internationally. Thyrocare is focused on delivering quality diagnostics at affordable prices to laboratories and hospitals, offering cost-effective and convenient services right to customers’ doorsteps.