Strategic acquisition to accelerate SRL Diagnostics growth and geographic penetration
SRL diagnostics completes the acquisition of NCR based Lifeline Laboratory. This strategic partnership will accelerate the next phase of growth for the business.
Wodehouse Capital was the exclusive financial advisor to Lifeline Laboratory and adds yet another transaction in the “Diagnostic & Pathology” vertical of its Healthcare practice. They were assisted by Khaitan & Co., as the legal advisor to the sellers.
Dr Angeli Misra, Partner, Lifeline Laboratory states that “Under SRL’s management, I am confident that Lifeline shall have a wider market reach and recall in an otherwise crowded segment.”
Manmohan Tiwana, Managing Director & CEO-Wodehouse Capital believes this acquisition by SRL sets up Lifeline for its next stage of growth. He shares “Lifeline will benefit tremendously from SRL’s industry leading distribution network and operational efficiencies while SRL gets an incredible NCR focused brand that stands for quality and service. At Wodehouse, we always focus on ensuring that the partnership is a good fit and augurs well for the partners in the long term. We are confident that the SRL-Lifeline transaction will be a huge win-win.”