The Live Ahmedabad
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured

The Live Ahmedabad

  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
Ahmedabad CityAhmedabad HealthGujarat

Lab chain Sterling Accuris raises Rs. 250 crore with eye on expansion

by TLA September 27, 2021September 27, 2021
written by TLA September 27, 2021September 27, 2021
Lab chain Sterling Accuris raises Rs. 250 crore with eye on expansion

Ahmedabad: Sterling Accuris Wellness has signed an agreement to raise Rs. 250 crore (USD 34 million) from a fund managed by Morgan Stanley Private Equity Asia, the pathology-focused diagnostic lab chain said on Monday.

Sterling Accuris, promoted by healthcare industry veteran Girish Patel, who is also chairman emeritus of Sterling Hospitals, plans to use the funds to penetrate deeper into existing markets and enter new geographies. Incidentally, this is the third investment in the Indian healthcare space for Morgan Stanley PE.

Sterling Accuris commenced operations in 2016 and operates around 150 labs and collection centres in Gujarat, Delhi, Rajasthan, and Madhya Pradesh. The company has over 1,000 employees and is eying revenue of about Rs. 250 crore this fiscal.

“Over the last five years, Sterling Accuris has built a strong business in the markets we operate in. The growth capital infusion from a seasoned investor like Morgan Stanley Private Equity Asia will help the team accelerate the execution of our expansion plan,” said Girish Patel, Chairman, Sterling Accuris.

In the last three years, Sterling Accuris has significantly expanded its lab network, invested in digital technologies, and built a robust back-end infrastructure to offer routine and specialised tests within quick turnaround times. 

“We are delighted to have Morgan Stanley Private Equity Asia on board as our growth partner. The investment is a strong validation of our unique business model and the growth potential of the segments we operate in. The investment will also enable us to expand our lab network to new geographies such as Maharashtra and NCR,” said Rajiv Sharma, MD & CEO of Sterling Accuris.

Ahmedabad cityAhmedabad newsexpansionGujarat newsLab chain Sterling AccurisWellness
0 comment
previous post
Yoga for strength and flexibility
next post
Gujarat crosses 6-crore Covid-19 vaccination mark

You may also like

500 Motera Homes May Be Demolished for Road...

May 29, 2025

Rottweiler That Killed Baby Dies of Tick Fever

May 29, 2025

GSSSB Extends Job Application Deadline Due to GTU...

May 29, 2025

Over 450 Illegal Structures Demolished in Ahmedabad’s Bapunagar

May 29, 2025

First for India: CEPT Team Wins 2025 ULI...

May 29, 2025

Late-Night Heavy Rain in Ahmedabad Causes Waterlogging, Brings...

May 29, 2025

No More Queues: Property Registration May Go Fully...

May 29, 2025

IMD Predicts Heavy Rain in Gujarat, Kerala, Maharashtra;...

May 29, 2025

BRDS Brings Back Ahmedabad Fashion Week for Season...

May 29, 2025

Mock Drills postponed in States Near Pakistan -Here’s...

May 29, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Recent Posts

  • Woman fakes death in ‘Drishyam’-inspired murder plot to run away with lover in Gujarat

    May 29, 2025
  • 500 Motera Homes May Be Demolished for Road Work; Residents Challenge Eviction

    May 29, 2025
  • Stock Markets Bounce Back After 2-Day Slide as U.S. Court Blocks Tariffs; Sensex Gains 320 Points

    May 29, 2025
  • Sonal Kukreja Dazzles in Bikini

    May 29, 2025
  • Rottweiler That Killed Baby Dies of Tick Fever

    May 29, 2025
September 2021
MTWTFSS
 12345
6789101112
13141516171819
20212223242526
27282930 
« Aug Oct »
Footer Logo
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms of use
  • Advertise with Us
  • Work With Us
  • Contact Us

© 2021 - The Live Ahmedabad. All Rights Reserved.