WOOING METROPOLIS

POTENTIAL STRATEGIC INVESTORS ARE BUZZING AROUND METROPOLIS HEALTHCARE. WHAT MAKES IT SUCH AN ATTRACTIVE PROPOSITION?

- NEETU CHANDRA SHARMA

IN THE RACE

Gautam Adani along with Chennaiheadquartered Apollo Hospitals is reportedly eyeing a stake in Metropolis

Amazon and Flipkart, too, are potential strategic investors that are believed to have signed non-disclosure agreements with Metropolis

G.S.K. Velu, Founder of Trivitron Healthcare, is also reportedly in the fray, and talking to investors, PE funds and banks to raise money for the bid

METROPOLIS HEALTHCARE IS in a sweet spot. No sooner had it indicated that it was looking for strategic partners to grow its business, than it saw investors lining up to partner or buy a stake in the fast-growing diagnostics company.

Major companies across sectors are understood to have shown interest in buying stake in Metropolis. The list, sources say, includes names such as Apollo Hospitals along with the Adani Group, Amazon, Flipkart and Trivitron Healthcare, a medical technology firm.

What makes Metropolis attractive to investors? “The company is in good standing among the medical fraternity in India,” says Dr Arvind Lal, Chairman and Managing Director of Dr Lal PathLabs, a diagnostics and healthcare testing chain that competes with Metropolis. “On the whole, there is great interest in healthcare companies in India and Metropolis fits the bill eminently.”