Evexia Lifecare's Strategic Global Healthcare Expansion

Evexia Lifecare Limited has made major moves to expand its influence in the healthcare industry. With a ₹190 crore investment in the UAE and acquiring a 51% stake in Vittal's MediCare, the company aims to enhance its diagnostic capabilities and solidify its global presence.

Mumbai, October 9, 2024: Evexia Lifecare Limited has invested a significant ₹190 crores in the UAE healthcare industry, acquiring a 51% share in Vittal's MediCare. This move marks a major step in Evexia's expansion strategy in the healthcare sector.

On October 6, 2024, Evexia signed an agreement to acquire a 51% stake in Vittal's MediCare, a prominent diagnostics company, now valued at ₹35 crores. This acquisition will see Vittal's MediCare become a subsidiary of Evexia Lifecare, enhancing its diagnostic offerings.

Additionally, Evexia's subsidiary, Evexia Lifecare Africa Limited, has invested ₹190 crores in 10 UAE LLCs, focusing on healthcare services. This creates a Special Purpose Vehicle that will expand Evexia's reach, providing advanced medical care across the UAE.

(With inputs from agencies.)