Hospital-focused supply chain platform Aknamed... said it has acquired Vardhman Health Specialties for USD 35 million (over Rs 250 crore). The transaction enables Aknamed to further promote excellence in the delivery of healthcare essentials, with an enhanced pan-India footprint with leadership in therapeutic areas such as oncology, immunotherapy and virology, Aknamed said in a statement. The acquisition is for USD 35 million, it added.
Vardhman Health Specialties is a specialty products provider to hospitals in therapeutic areas of oncology, immunotherapy and virology. As per the statement released, both Aknamed and Vardhman are focused on building a robust hospital focused supply chain in India through the use of technology, data, high-quality infrastructure and scale, delivering value to hospitals, OEM partners and employees.
K Law advised
Cyril Amarchand Mangaldas advised
2021-05-19
Deal value: INR over 250 crores (USD 35 million)
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