'Metropolis Healthcare' to launch new path-labs across Country
Diagnostic chain Metropolis Healthcare Ltd is setting up 15 new laboratories in tier II and tier III cities across India, following the success of its second such lab in Indore.
The company is set to invest about Rs 15 crore this fiscal in labs that will be located in cities like Gorakhpur, Jalandhar, Amritsar, Lucknow, Allahabad, Udaipur, Agra, Bhopal, Ranchi, a note from the company said.
About a year ago, private equity firm Warburg Pincus had invested up to $85 million in Metropolis, and these funds would support the present expansion.
Metropolis Healthcare under its banner will set up these new laboratories in the towns from where they are already collecting samples and have a customer base. But now instead of bringing samples to center’s like Mumbai or Chennai they will be processed in the referral labs itself, the company said.
Metropolis recently invested around Rs 50 lakh in its Indore green-field laboratory. The Indore lab is spread across an area of 3000 square feet and conducts over 100 diversified tests – across routine and specialized testing including hormones, vitamins and tumour markers. The lab caters to Indore city as well as adjoining districts and towns like Ujjain, Devas, and so on.
“We have already selected 10 locations for South and West India and five locations for North India. With green-field labs, Metropolis will be entering the tier II and tier III cities and this will result in high growth for the company,” said Ms Ameera Shah, Managing Director and Chief Executive of Metropolis.
The company is set to invest about Rs 15 crore this fiscal in labs that will be located in cities like Gorakhpur, Jalandhar, Amritsar, Lucknow, Allahabad, Udaipur, Agra, Bhopal, Ranchi, a note from the company said.
About a year ago, private equity firm Warburg Pincus had invested up to $85 million in Metropolis, and these funds would support the present expansion.
Metropolis Healthcare under its banner will set up these new laboratories in the towns from where they are already collecting samples and have a customer base. But now instead of bringing samples to center’s like Mumbai or Chennai they will be processed in the referral labs itself, the company said.
Metropolis recently invested around Rs 50 lakh in its Indore green-field laboratory. The Indore lab is spread across an area of 3000 square feet and conducts over 100 diversified tests – across routine and specialized testing including hormones, vitamins and tumour markers. The lab caters to Indore city as well as adjoining districts and towns like Ujjain, Devas, and so on.
“We have already selected 10 locations for South and West India and five locations for North India. With green-field labs, Metropolis will be entering the tier II and tier III cities and this will result in high growth for the company,” said Ms Ameera Shah, Managing Director and Chief Executive of Metropolis.
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