.
MergerLinks Header Logo

New Deal


Announced

Completed

PHC Group completed the acquisition of a majority stake in SciMed (Asia).

Synopsis

PHC Group, a global healthcare company, completed the acquisition of a majority stake in SciMed (Asia), a provider of products and services for biomedical, life sciences, healthcare, drug discovery, pharmaceutical, laboratories, industrial tests, and agricultural markets. This purchase agreement with SciMed increases PHCHD’s stake in the company from 14.99% to 70%. Financial terms were not disclosed. "We are pleased to have taken this step to bring SciMed into the PHC Group as a consolidated subsidiary. In recent years, we have seen that life sciences research is making considerable progress in India and other emerging countries. Against the backdrop of increases in the prevalence and impact of conditions such as cancer, we expect more growth in the diagnostics business in the region. Through this deal to acquire the majority stake in SciMed, our Group will increase our footprint in emerging countries and give us the opportunity to accelerate business growth in the region," Michael Kloss, PHCHD President and CEO.

Show Details & Financials

Market Context

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US