Medinova Diagnostic Services has entered into a definitive agreement with Mallya Hospital, managed by Chaparral Health Services for sale of company’s Diagnostic Services centre at Bangalore. The transaction has been closed and completed on March 19, 2014. Consequent to the sale, the company’s Diagnostic services centre at Bangalore stand transferred to Mallya Hospital.
The board of directors at its meeting held on March 18, 2014 had approved to sell the Services centre of the company situated at Shivaji Nagar in Bangalore, as-a-going-concern, on slump sale basis, together with all its assets and liabilities relating to the centre but excluding the use of Medinova Brand Name to Mallya Hospital for a total consideration of Rs 7.15 crore.
Medinova Diagnostic Services was established in the year 1985 as a pioneering concept in diagnostics. For the first time in the country it offered all the diagnostic services from an ordinary blood test to a sophisticated CT/MRI Scan under one roof. Medinova has four Centers at Hyderabad, Calcutta, Bangalore and Pune. In addition, it has several Franchise Centers offering similar services at various locations in the Country.
