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We are pleased to announce that Care Diagnostics Private Limited (“Care Diagnostics”), a leading pathology and diagnostic service provider in Uttar Pradesh, has been acquired by Apollo Health & Lifestyle Limited (“AHLL”), a subsidiary of Apollo Hospitals Enterprise Limited (AHEL).
Incorporated in 2006, Care Diagnostics has established itself as a trusted name in pathology and diagnostic services, catering to communities across Lucknow and key regions of Uttar Pradesh. The strategic acquisition by Apollo is set to enhance Care Diagnostics’ capabilities and accelerate its expansion, reinforcing its position as a dominant player in Uttar Pradesh’s diagnostic and pathology sector.
The collaboration with Apollo will allow Care Diagnostics to extend comprehensive healthcare testing services to a broader population, strengthening access to high-quality and affordable diagnostics.
Advay Capital Advisors served as the exclusive financial advisor to Care Diagnostics and its promoters, providing comprehensive transaction advisory services. Advay’s role included positioning the opportunity to strategic buyers, structuring the transaction to align with the promoters’ long-term objectives, driving due diligence across financial, legal, and commercial aspects, leading negotiations to maximize value, and ensuring seamless execution for a successful deal closure.
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