Krsnaa Diagnostics and Medikabazaar Partner for an Unmatched Strategic Collaboration

In a landmark move set to redefine the landscape of diagnostics in India, Krsnaa Diagnostics Limited, the country's largest and fastest-growing diagnostics services provider, has entered into a strategic partnership with Medikabazaar India's largest B2B Healthcare procurement & supply-chain solutions provider and United Imaging, a global leader in advanced imaging technologies. This collaboration is poised to disrupt the industry with a ₹300+ Crore investment, targeting the establishment of over 30+ cutting-edge imaging centers majorly across Tier-2 and Tier-3 cities across India.

This partnership, which is one of the largest and first of its kind in the Indian diagnostics space, brings together the best of technology and healthcare expertise to significantly enhance patient care and accessibility. United Imaging, known for its state-of-the-art MRI, CT, PET CT, and other imaging solutions, along with Medikabazaar has recognized Krsnaa Diagnostics as a pivotal partner, owing to its unparalleled reach and established reputation in delivering highquality, affordable healthcare services across India. The special financing terms offered by United Imaging and structured by Medikabazaar to Krsnaa Diagnostics underscore the strategic importance of this alliance, setting a new industry standard for collaboration between medical technology providers and diagnostics players This partnership aims to bridge the gap in diagnostics in small towns and semi-urban areas, the collaboration will provide increased focus on advanced Radiology Imaging solutions by reaching the communities most in need, thus enhancing overall patient care to the masses.

Transforming Diagnostics Delivery in Under-Served Regions:

The partnership will see the deployment of worldclass advanced imaging technologies made available by Medikabazaar and United Imaging across Krsnaa's extensive network of diagnostic centers, primarily focusing on semi-urban and rural areas. This initiative aligns with the shared vision of both organizations to bridge the existing gap in access to quality healthcare services, ensuring that even the most remote populations benefit from timely, accurate diagnostic testing.

"We are thrilled to join hands with Medikabazaar and United imaging in what we see as a transformative alliance for the Indian diagnostics industry," said Mr. Rajendra Mutha, Chairman of Krsnaa Diagnostics Ltd. "This collaboration not only enables us to expand our footprint into under-served regions but also strengthens our ability to offer cutting-edge imaging services at competitive prices. The unparalleled financial terms provided by United Imaging structured by Medikabazaar speak volumes about the trust they place in our operational excellence and leadership in the sector."

Elevating India's Healthcare Infrastructure:

With the establishment of these imaging centers, Krsnaa Diagnostics and Medikabazaar aim to address the growing demand for high-quality diagnostics in smaller towns and cities. The collaboration is set to complement ongoing Public-Private Partnership (PPP) projects across various locations Pan India, ensuring that the benefits of this investment are felt by those who need it the most.

Speaking on the significance of the collaboration, Mr. Dinesh Lodha, Group CEO at Medikabazaar, commented, "This collaboration brings together India's two largest entities in the medical supplies and the diagnostics space and will revolutionize healthcare accessibility, ensuring timely diagnosis and affordable advanced healthcare for under-served populations. It aligns with the country's healthcare targets and aims to promote better infrastructure and healthcare delivery, especially in underdeveloped and under-served regions."

Shares of Krsnaa Diagnostics Ltd was last trading in BSE at Rs. 844.20 as compared to the previous close of Rs. 829.35. The total number of shares traded during the day was 12688 in over 833 trades.

The stock hit an intraday high of Rs. 848.00 and intraday low of 807.05. The net turnover during the day was Rs. 10597619.00.

Source : Equity Bulls

Keywords

KrsnaaDiagnostics INE08LI01020 HealthcareServices Partnership Medikabazaar