HealthCare Global Enterprises’ (HCG) associate company — Strand Life Sciences has entered into an agreement to acquire the India medical diagnostics business of Quest Diagnostics, the world’s leading provider of diagnostic information services.
The two companies will work together to manage the transition, and aim to close the sale by the end of first quarter of calendar year 2019. This acquisition is an important addition to the company’s network of 24 diagnostic labs across India, especially as they continue to expand their work in oncology, genomics, and precision medicine.
HCG is the largest provider of cancer care in India. Through its network of comprehensive cancer centres spread across India, HCG has brought advanced cancer care to the doorstep of millions of people.