Ameera Shah, Metropolis Healthcare’s managing director, is looking to raise the profile of the diagnostic chain as the Mumbai-based company scouts for takeover targets. Mumbai: Metropolis Healthcare Ltd, an operator of medical diagnostic centers backed by Carlyle Group LP, is considering an initial public offering (IPO) to raise about Rs1,500 crore ($230 million) as it seeks acquisitions. Shah is looking to raise the profile of the diagnostic chain as the Mumbai-based company scouts for takeover targets. Growing affluence in India and an increasing number of people taking health insurance are spurring demand for private medical services and giving companies such as Metropolis an edge over standalone test centers. Companies such as Dr Lal PathLabs Ltd and Thyrocare Technologies Ltd have benefited from demand for private medical diagnostic services.

Source: Mint April 16, 2018 09:45 UTC