“Medlife International Private Limited has acquired ‘Medlabz’, a Mumbai-based digital healthcare platform and ‘diagnostics at home’ service provider. By way of this acquisition, Medlife seeks to foray deeper into the diagnostics segment and thereunder, strengthen its business of wholesale and retail sale of pharmaceutical products, tele-consultation, healthcare and allied services. Post-acquisition, the founders of Medlabz will be joining the core team of Medlife at Bengaluru and will be leading the Diagnostics Vertical for Medlife,” according to Hindu Business Line.

Agama Law Associates advised Evriksh Healthcare Private Limited, operating as Medlabz, led by founding partner Archana Balasubramanian.

Successroute India Financial Advisors acted for Medlabz on sourcing, structuring and transaction closure.

Samisti Legal LLP acted as legal advisers to Medlife.

2019-01-31

Deal value: Confidential

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