Lal PathLabs can fortify its hold if suburban is integrated well
Business

Lal PathLabs can fortify its hold if suburban is integrated well

By Dan Neff

The funding of the acquisition through LPL’s existing cash reserves, while being an indicator of its strong financial position, would, on the other hand, largely wipe out its cash reserves.

Synopsis

Dr Lal PathLabs (LPL), India’s largest diagnostics player by revenue and presence, is slated to become bigger with the acquisition of Suburban Diagnostics, which has a sizable presence in western India. At the total deal value of Rs 1,150 crore, LPL valued Sequoia Capital-backed Suburban at nearly four times its FY21 revenue.

ET Intelligence Group: Dr Lal PathLabs (LPL), India’s largest diagnostics player by revenue and presence, is slated to become bigger with the acquisition of Suburban Diagnostics, which has a sizable presence in western India. At the total deal value of Rs 1,150 crore, LPL valued Sequoia Capital-backed Suburban at nearly four times its FY21 revenue.

The acquisition is going to provide LPL scale and penetration – it will help it add 44

BY

ET Bureau

3 mins read, Last Updated:

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Dan Neff