Abhay HealthTech's Strategic Acquisition of MNP Healthcare in the OTC Market
MNP Healthcare Acquisition Overview
Abhay HealthTech on Saturday announced the acquisition of consumer healthcare products manufacturer MNP Healthcare for an undisclosed amount. This strategic acquisition is a significant milestone in Abhay HealthTech's expansion plans, reinforcing its presence in the OTC (over the counter) consumer healthcare sector, the company stated.
Details of the Acquisition
As part of this collaboration, Abhay HealthTech will acquire MNP Healthcare's entire portfolio, including its brands, products, people, and manufacturing facilities. Apurv Modi, Co-founder and Managing Director of Abhay HealthTech, emphasized that MNP Healthcare brings significant manufacturing expertise and a proven track record of delivering world-class products at competitive prices. The directors of MNP Healthcare, Mohanlal Yadav and Naveen Pathak, will also join the advisory board of Abhay HealthTech as part of the deal.
Expansion of Healthcare Products Portfolio
Abhay HealthTech's product portfolio focuses on branded consumer healthcare and wellness products, primarily addressing routine health disruptions and proactive care. The acquisition will bolster its reach across key OTC categories including rapid testing kits, hygiene products, skincare, supplements, women's care, baby care, and children's wellness.
About MNP Healthcare
MNP Healthcare, a subsidiary of MNP Meditech, is engaged in manufacturing medical products for leading Indian pharmaceutical companies.
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