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 1.3% lower at Rs 615.40 apiece on the BSE.
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