Plan to achieve Rs 100 crores plus annual revenues this financial year from its East India Operations
Neuberg Diagnostics has announced a joint venture with Pulse Diagnostics in Kolkata, to expand integrated diagnostics centres combining advanced pathology and advanced radiology modalities across Eastern and North Eastern states. The new company will be called Neuberg Pulse Diagnostics and the JV was formalised in the presence of Dr GSK Velu, CMD, Neuberg Diagnostics, Sunaina Bihani, CEO and MD, Pulse Diagnostics and A Ganesan Vice Chairman of Neuberg Diagnostics.
The JV will integrate the ten labs of Neuberg located across East India with the nine integrated diagnostic centres of Pulse Diagnostics in Kolkata. This will result in close to 20 integrated diagnostic centres, 20 labs and over 200 collection centres covering the entire length and breadth of Eastern India within this financial year.
Bihani will be the MD and CEO of the JV and will be ably supported by Neuberg’s leadership team. 7i Capital Advisors, an Indian partner of Clairfield, acted as the exclusive sell-side advisor to Pulse Diagnostics and its shareholders in this transaction.
“Pulse Diagnostics is a renowned name in the diagnostics industry in Kolkata, and we are delighted to join forces with them to extend our integrated state-of-the-art high-end diagnostics services combining Pathology & Radiology to the people of Eastern & North Eastern states of India,” said Dr Velu.
“This collaboration will enable us to expand our bandwidth in Pathology by upgrading our central lab in Kolkata to become a reference lab for East India and also help us to start close to 20 plus integrated diagnostics centres across Eastern & North Eastern States in the coming two years,” said Bihani.
“Our goal is to make advanced integrated Pathology / Radiology diagnostic solutions including high-end investigations like CT / MRI / Contrast imaging / Genomics / New Born Screening / ImmunoHisto chemistry etc accessible and affordable to larger sections of the population in Eastern India, and we are committed to achieving this through our partnership with Pulse Diagnostics,” said Ganesan.
The central lab operated by Pulse Diagnostics at Sarat Bose Road will soon be upgraded to a Regional Reference lab for East India by starting all subspecialties of Lab Medicine, like Histopathology with immunohistochemistry, genomics, metabolomics, newborn screening, etc. with advanced initiatives like Data Analytics / AI-based diagnostics and total lab automation solutions. The JV will soon venture into Nuclear Medicine segment by installing a PET scanner soon. This will enable the alliance to provide a comprehensive range of diagnostic services to patients in the region.
