PVP Ventures Acquires Majority Stake in Biohygea Global for Healthcare Services Expansion

PVP Ventures Ltd. (PVP) has executed binding agreements to acquire a 52% stake in Biohygea Global Private Limited (Medilab), marking a significant stride in its plans to build a global Healthcare Services platform. The acquisition will be a combination of primary and secondary stake purchases, with PVP further increasing its stake over the next few years. Medilab, established in 2014, operates under the brand name Medilabs and collaborates with local hospitals to set up labs within these partner hospitals. The company also runs its own diagnostic centers with CT Imaging, Ultrasounds, and a network of labs with a vast test menu exceeding 1500 tests. The focus of Medilabs going forward is to strengthen its presence in Tier 2 & Tier 3 cities and towns and establish itself as a differentiated diagnostics player in fetal medicine, genomics, and oncology testing. PVP Ventures, in the process of transforming itself from a realty company into a healthcare services platform, is expected to generate cash flows from its legacy realty assets, which will be used to fuel its growth in the global healthcare services sector.