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Metropolis Healthcare acquires Core Diagnostics

Metropolis Healthcare Ltd. | Hospital & Healthcare Services | Healthcare | BSE: 542650 | NSE: METROPOLIS

24 Mar 2025 Evaluate

Metropolis Healthcare has completed the acquisition of Core Diagnostics from Core Diagnostics (Mauritius). The company’s board has approved the allotment of equity shares of the company on a preferential basis to Core Diagnostics (Mauritius) as part of the agreed purchase consideration, while the remaining balance of the purchase consideration has been remitted in cash to Core Diagnostics (Mauritius), with Rs 5 crore withheld as deferred consideration to be paid subject to closing adjustments by the parties. Core Diagnostics (Mauritius) has transferred its 100% stake in Core Diagnostics to the company, and necessary confirmations have been received from the respective Depository Participants as part of this process. With this, Core Diagnostics becomes a wholly owned subsidiary of the company.

Earlier, the company’s board had approved the acquisition of the 100% stake in Core Diagnostics from Core Diagnostics (Mauritius). This strategic acquisition will enhance company’s advanced cancer testing capabilities and strengthen its footprint in Northern and Eastern India. By leveraging Core Diagnostics’ strong relationships with leading cancer specialists and hospitals in these regions, the company aims to expand its market reach and specialized testing offerings. The acquisition also provides an opportunity to offer Metropolis’ broad range of diagnostic services to Core Diagnostics’ network, while bringing Core Diagnostics’ advanced cancer testing to its existing customer base. Moreover, the integration is expected to drive synergies through optimized laboratory operations, improved efficiencies, and cost reductions, further solidifying Metropolis’ leadership in the diagnostics industry.

Metropolis Healthcare is engaged in the business of providing pathology and related healthcare services.

Metropolis Health. Share Price

470.80 -1.75 (-0.37%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Apollo Hospital Ent.	7699.05
Max Healthcare Inst	1006.90
Narayana Hrudayalay	1825.55
Aster DM Healthcare	688.30
Global Health	1089.55
View more..

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Metropolis Healthcare acquires Core Diagnostics

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