Metropolis Healthcare Ltd has completed the acquisition of four Individual Laboratories in Gujarat. The company enjoys a strong network in Gujarat through its fully owned subsidiary, Desai Laboratories, acquired in 2007. Since the acquisition, the network strength in Gujarat has grown four times. Metropolis currently operates 13 labs in Gujarat at Ahmadabad, Surat, Baroda, Mehsana, Rajkot, Navsari, Jamnagar and Gandhidham. Also, it’s patient service network consists of 300 centers and is spread across the key cities in Gujarat.
Metropolis has a track record of acquiring and successfully integrating companies to grow its portfolio of laboratory and service network. It has acquired several companies since 2002, which includes established local chains such as Sudharma Metropolis Health Services Private Limited in Kerala and Golwilkar Metropolis Health Services (India) Private Limited in Pune as well as companies outside India. Metropolis has integrated these businesses by bringing in standard operating procedures and standardized machines thereby improving quality parameters and resulting in operational efficiency.
In addition, Metropolis’ asset-light model for growing its service network has worked well. Besides setting up fully-owned Patient Service Centers, they have significantly expanded their service network by contracting with other partners, to serve individual patients. They also provide home collection service which allows for the collection of samples from the patient’s house. For catering to the requirements of their institutional customers, they have set up pick-up points and Referral Centers.
“Many industry reports have cited that consolidation is a way forward for the diagnostic industry and large national players are set to benefit from this consolidation. Metropolis with its successful track record of consolidation and integrating businesses is at an advantage.” Said Promoter & Managing Director, Ameera Shah, Metropolis Healthcare Ltd
Adding to the statement, Dr Pranav Desai, Chief Pathologist, Desai Metropolis said “Desai Laboratories has a strong heritage of 50 plus years of operation in Surat. When we merged with Metropolis in 2007, we got ten times stronger in terms of infrastructure, quality and operating efficiency. We will only continue to grow stronger going forward with this consolidation and network growth.” – IIFL