Thyrocare Acquires Think Health Diagnostics: Expands ECG Services
By Rediff Money Desk, NEWDELHI Feb 05, 2024 13:31
Thyrocare Technologies has acquired Think Health Diagnostics, strengthening its presence in pre-policy medical checkups for the insurance segment and offering ECG services at home.
![Thyrocare Acquires Think Health Diagnostics: Expands ECG Services](https://im.rediff.com/money/2018/mar/23health-insurance.jpg)
New Delhi, Feb 5 (PTI) Diagnostics firm Thyrocare Technologies on Monday said it will acquire Chennai-based Think Health Diagnostics and a related entity for an undisclosed amount.
The company has entered into a share purchase agreement with Think Health Diagnostics and their existing shareholders for the deal, it said in a statement.
The strategic acquisition helps Thyrocare provide ECG services at home, it added.
"With the strategic acquisition of Think Health Diagnostics, we are well-positioned to expand our footprint in pre-policy medical checkups for the insurance segment," Thyrocare Technologies Managing Director and Chief Executive Officer Rahul Guha said.
This will allow the company to give insurance partners a one-stop solution for blood and ECG testing and further deepen presence in the pre-policy medical checkup and annual health checkup market, he added.
Shares of Thyrocare Technologies were trading 1.33 per cent lower at Rs 615.40 apiece on the BSE.
The company has entered into a share purchase agreement with Think Health Diagnostics and their existing shareholders for the deal, it said in a statement.
The strategic acquisition helps Thyrocare provide ECG services at home, it added.
"With the strategic acquisition of Think Health Diagnostics, we are well-positioned to expand our footprint in pre-policy medical checkups for the insurance segment," Thyrocare Technologies Managing Director and Chief Executive Officer Rahul Guha said.
This will allow the company to give insurance partners a one-stop solution for blood and ECG testing and further deepen presence in the pre-policy medical checkup and annual health checkup market, he added.
Shares of Thyrocare Technologies were trading 1.33 per cent lower at Rs 615.40 apiece on the BSE.
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