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Asia Healthcare Set to Acquire Dr Dangs Labs
Mint Kolkata
|May 06, 2025
In recent months, there have been notable deals in the diagnostics space
Asia Healthcare Holdings (AHH), backed by Singapore's sovereign wealth fund GIC, is set to acquire a majority stake in Dr Dangs Labs, a diagnostic chain operating in Delhi and Gurugram, according to two people aware of the development.
This marks the fourth acquisition by Asia Healthcare Holdings, following previous deals with Motherhood Hospitals, the Asian Institute of Nephrology and Urology (AINU), and Nova IVF.
Details of the financial terms of the deal were not disclosed.
Asia Healthcare Holdings's earlier investment in AINU in 2023, valued at Rs 600 crore, involved both primary and secondary funding. AHH has also seen significant capital inflows, including a $150 million investment from GIC in December 2024, which made the sovereign fund the largest shareholder in the company. GIC had also invested $170 million in Asia Healthcare Holdings in February 2022.
This story is from the May 06, 2025 edition of Mint Kolkata.
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