Thursday, January 4, 2007

Nicholas' Wellspring buys Jankharia Imaging

Nicholas Piramal India-promoted pathology laboratories and diagnostic venture Wellspring has acquired Mumbai-based radiology and imaging centre Jankharia Imaging. The new entity would be renamed Wellspring-Jankharia Imaging. Following the acquisition Wellspring would be the first corporate diagnostic provider to enter into high-end health imaging services.

Wellspring is a chain of pathology labs and diagnostics centers spread across the country. It is present in more than 35 locations in India with over 50 processing labs.

Wellspring has ambitious investment plans in the next two years during which it would offer tele-radiology solutions requiring expert radiology opinions across India and abroad. It intends to have high end imaging centers across the country and would be looking for many more partners in key cities across India. It would also tap areas like public private partnership opportunities being offered by government-run medical college hospitals across the country.

Read the Business Standard and The Economic Times articles.

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