Completed Date
Sector
Deal Type
Value
Diagnosis test laboratories
Redcliffe, which counts venture capital firm Chiratae Ventures and impact investor LeapFrog Investments among its backers, has acquired Udaipur-based Medicentre Sonography & Clinical Lab. The deal marks the first inorganic expansion bet by Redcliffe, which operates diagnostic labs across many cities in India.
Founded over 15 years ago, Medicentre Sonography has five branches in Udaipur. It is led by Dr. Manish Seth, and has about 11 other healthcare professionals in the core team. Redcliffe’s current offerings include wide-ranged diagnostic testing while Medicentre offers premium-priced category testing, including 3D/4D sonography, CT scan, MRI, Neuro lab, and digital radiography services.The addition of these services, generally priced at a premium versus those available at Redcliffe currently, will help the latter offer a wider range of services under its platform and tap into a larger market.
