QMS Medical Acquires Majority Stake in Saarathi Healthcare for Rs 450 Crore

QMS Medical Allied Services has acquired a 51% stake in Saarathi Healthcare for Rs 450 crore. The acquisition complements QMS MAS's expertise in patient screening with Saarathi's disease management services. This move is expected to bolster the company's revenues and profitability in the next fiscal year.

QMS Medical Allied Services announced on Friday the acquisition of a 51 percent stake in Saarathi Healthcare for Rs 450 crore. The Mumbai-based QMS MAS specializes in the marketing and distribution of a variety of medical products.

According to QMS Medical Allied Services CMD Mahesh Makhija, the acquisition of Saarathi is a strategic step in the company's expansion. The integration of QMS MAS's patient screening services with Saarathi's expertise in disease management will enable the company to offer a comprehensive portfolio to its clients.

Further elaborating on this development, Saarathi Healthcare Founder & CEO Ranjeeta Vinil expressed that the companies will leverage collective strengths to enhance their product and service offerings. This move is anticipated to significantly boost the company's revenues and profitability from the start of the next fiscal year.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)