Unique and scaled diagnostics company.
Brand is associated with providing quality and reliable healthcare services at affordable prices.
As of December 31, 2020, its network of diagnostic centers spans 13 states across India in over 1,800 locations.
Business model with robust revenue visibility.
Well-positioned to capitalize on healthcare spending across public and private sectors.
Scalable and agile business model with an efficient cost structure.
Consistent track record of financial performance.
Ability to maintain cost competitiveness through operating leverage.
Experienced promoters and management team supported by a strong employee base.
Significant dependence on payments under contracts with public health agencies.
Most of its diagnostic centers have been established and are operated under PPP contracts awarded by government agencies through a competitive bidding process. Company may not successfully win these tenders in the future.
Continuing impact of the outbreak of the COVID-19.
Dependency on its information technology systems and the telecommunication network in India in providing diagnostic services and managing its operations.
Prices charged for the diagnostic services are dependent on recommended or mandatory fees fixed under the terms of the agreements entered into with public and private healthcare providers.
Delays in the establishment of diagnostic centers resulting in the termination of the agreements or cost overruns.
Any failure to comply with the legal and regulatory requirements.
Failure to establish and comply with appropriate quality standards when performing imaging, testing, and diagnostics services.
Inability to obtain, retain, or renew the required approvals, licenses, registrations, and permits for conducting its business.
Highly competitive industry – the diagnostics industry in India.
Dependency on third parties for testing equipment and reagents.
Any inadequacy in packaging, collection of, or failure, or delay in the delivery of, specimens to its diagnostic centers resulting in the specimens getting compromised or destroyed.