Krsnaa Diagnostics partners with Medikabazaar and United Imaging to boost diagnostics across India

Krsnaa Diagnostics Limited, one of India’s leading diagnostic service providers, has announced a significant strategic partnership with Medikabazaar and United Imaging Healthcare. This ₹300+ crore collaboration is set to revolutionize the Indian diagnostics landscape by establishing over 30 advanced imaging centers, primarily focused on Tier-2 and Tier-3 cities. This partnership is structured to help Krsnaa Diagnostics expand its reach while enhancing the quality and accessibility of healthcare across underserved regions of India.

The partnership represents a pivotal shift in India’s healthcare infrastructure, designed to address the growing demand for quality diagnostic services. With a focus on rural and semi-urban areas, the collaboration between Krsnaa Diagnostics, Medikabazaar, and United Imaging will provide advanced diagnostic equipment and cutting-edge imaging solutions like MRI, CT, and PET CT across the country. United Imaging is renowned globally for its innovative imaging technology, and through this partnership, its state-of-the-art equipment will be deployed across Krsnaa’s nationwide network of diagnostic centers.

The agreement includes the provision of special financing terms, carefully structured by Medikabazaar, which positions Krsnaa Diagnostics at the forefront of medical innovation in the country. This financing model ensures that Krsnaa Diagnostics can rapidly expand while maintaining cost-efficiency and operational excellence. The collaboration aims to significantly bridge the diagnostic gap in underserved regions, ensuring that affordable, high-quality healthcare becomes accessible to millions who otherwise would not have access to such services.

Rajendra Mutha, Chairman of Krsnaa Diagnostics Limited, expressed enthusiasm over the new partnership. He highlighted that this collaboration would not only extend their footprint into regions that are historically underserved but also enable them to provide top-tier imaging services at competitive prices. The special financial backing from United Imaging, structured by Medikabazaar, underscores the trust placed in Krsnaa’s operational capabilities and leadership in India’s diagnostic sector.

Moreover, the partnership aims to enhance the country’s healthcare delivery system by complementing existing public-private partnerships (PPP) projects, ensuring a far-reaching impact. These new imaging centers will cater to increasing demands for advanced diagnostic services in smaller cities, helping to identify medical conditions in a timely and accurate manner. It is a crucial step towards democratizing healthcare, bringing state-of-the-art diagnostics closer to millions.

Dinesh Lodha, Group CEO at Medikabazaar, stated that the partnership would revolutionize healthcare accessibility across the country, focusing on affordability and quality. He emphasized that the joint efforts of India’s two largest players in medical supplies and diagnostics would meet the nation’s growing healthcare demands, particularly in underdeveloped areas.

Krsnaa Diagnostics’ extensive network currently spans 18 states and union territories, featuring over 168 MRI/CT centers, 1,400 tele-reporting X-ray centers, 120 labs, and more than 2,200 collection centers. This vast network, combined with United Imaging’s advanced technologies and Medikabazaar’s efficient supply-chain systems, promises a new era of healthcare delivery in India.

Expert Opinion

Healthcare experts believe that the Krsnaa-Medikabazaar-United Imaging collaboration could set a new standard for diagnostics in India. The partnership has the potential to alleviate the burden on larger metropolitan hospitals by providing critical diagnostic services closer to home for millions of people in smaller cities. Additionally, the financing model structured by Medikabazaar and United Imaging is seen as a sustainable approach, allowing for rapid scaling while minimizing the financial risks that typically hinder expansion projects in the healthcare sector.

This collaboration is also expected to advance the PPP model in India’s healthcare sector. By aligning private investment with public health goals, the initiative promises improved healthcare outcomes for underserved populations while simultaneously fostering innovation in the diagnostics space.