Akna Medical Pvt Ltd (Aknamed), a startup that runs a healthcare supply chain, has acquired Vardhman Health Specialties for $35 million (Rs 255 crore).
The acquisition will help the company boost operations as well as expand, said Aknamed in a statement.
The combined teams of the two companies will work to build a robust hospital-focused supply chain in India through the use of technology, data, and infrastructure, the statement added.
Naresh Chowhan, chief executive of Vardhman, said the transaction underlines the growing importance of consolidation in the pharma supply chain industry in India.
“It opens up significantly larger opportunities, apart from the synergies derived from the combined businesses of Vardhman and Aknamed,” he added.