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Feb, 04 2019

Health-tech platform Medlife buys Mumbai-based MedLabz

With this acquisition, Medlife will make a stronger push into the diagnostics segment.

Health-tech platform Medlife International Pvt Ltd has acquired MedLabz, Mumbai-based digital healthcare platform and home diagnostics services company, for an undisclosed amount.

With this acquisition, Medlife will make a stronger push into the diagnostics segment. The Bengaluru-based company will also launch sample collection at home through an in-house fleet of medical professionals. MedLabz’ technology integration will help Medlife to offer patients with data insights in their preferred language, apart from enabling them to view reports online.

Tushar Kumar, Founder and CEO, Medlife, said, "The sophisticated diagnostic capabilities offered by Medlabz will help us strengthen our position in the diagnostics segment. In diagnostics alone, we have so far served 90,000 unique customers till date with over 1, 50,000 deliveries. We will be equipped to now serve more people with our enhanced services through our Lab Technology platform."

Siddharth Bidwan, Founder and CEO of Medlabz, stated, "We see a great cultural fit with Medlife and the merged entity will be on the accelerated path to build a stronger business and initiate the next big wave in the Indian healthcare ecosystem."

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