Tata Digital to acquire majority stake in ehealth firm 1MG Tech


Tata Digital Ltd, a 100% subsidiary of Tata Sons has entered into an agreement to acquire majority stake in 1MG Technologies Pvt Ltd, a digital health company for an unspecified amount.

1MG enables easy and affordable access to medicines, health & wellness products, diagnostics services & tele-consultation to customers.

The company operates 3 diagnostics labs, has a supply chain covering over 20,000 pincodes across the country.

Through its subsidiaries it is also engaged in the business of B2B distribution of medicines & other healthcare products.

The investment is in line with Tata Group’s vision of creating a digital ecosystem which addresses the consumer needs across categories in an unified manner, the company said.

“The investment strengthens Tata’s ability to provide superior customer experience and high quality healthcare products & services in e-pharmacy and e-diagnostics space through a technology led platform,” said Pratik Pal, CEO, Tata Digital.

“This marks a significant milestone in our journey to make high quality healthcare products & services accessible to customers across India,” said Prashant Tandon, co-founder & CEO, IMG.

.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *