Hospital chain Shalby to buy implant assets of US firm Consensus Orthopedics (VCCircle)
Multi-speciality hospital chain Shalby Ltd said it will acquire implant assets of California-based Consensus Orthopedics for $11.45 million (Rs 83.7 crore).
Vikram Shah, chairman of Shalby, said in a stock market disclosure that the acquisition will help the Ahmedabad-based hospital chain to diversify its core hospital healthcare services business into related and high growth implant product offerings.
Shalby expects its implant sales to account for 15% of total revenues by fiscal 2022-2023....