Thyrocare-Pharmeasy Deal - Impact On Traditional Diagnostic Models: Dolat Capital
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Dolat Capital Report
E-pharmacy chain, Pharmeasy, has agreed to buy 66% of promoter’s stake in Thyrocare Technologies Ltd. for Rs 45 billion.
The company will make an open offer for 26% subject to regulatory approvals.
The transaction is valuing the company at Rs 1,300/share, 14 times FY21 sales, 60 times profits and 40 times Ebitda.
The transaction is likely to strengthen Pharmeasy’s position as one of India’s largest digital healthcare brand with an integrated service platform between patient, doctor and medical retailers.
The integration will take 18-24 months for completion.
The deal is backed by well-known investors such as Temasek, B Capital, Kotak, etc.
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