Vijaya Diagnostic Centre Acquires Arya Wellness Centre for Rs 46 Cr, Enters Assam Diagnostics Market

Vijaya Diagnostic Centre has signed a Business Transfer Agreement to acquire 100 per cent of Arya Wellness Centre in Guwahati, marking its entry into Assam.

Vijaya Diagnostic Centre Limited announced on September 11, 2026, that it has entered into a Business Transfer Agreement (BTA) for the 100 per cent acquisition of Arya Wellness Centre, an integrated diagnostic centre in Guwahati, Assam. The acquisition is being undertaken on a slump sale basis from NEMRIL HRPL JV, comprising North Eastern Medical Research Institute Limited (NEMRIL) and Hexagonal Research Private Limited (HRPL).

The transaction involves a consideration of approximately Rs 46 crore and is expected to close within around three months, subject to the fulfilment of customary Conditions Precedent and other terms and conditions specified in the BTA.

The acquisition marks Vijaya Diagnostic Centre's entry into the North-East India diagnostics market and aligns with its strategy of expanding through B2C-focused businesses, an integrated "All Under One Roof" model and strategic geographic expansion.

Entry Into Assam and North-East India

Guwahati is a major healthcare hub for Assam and the wider North-East region, attracting patients from neighbouring districts and states for advanced healthcare services. The acquisition provides Vijaya Diagnostic Centre with an established operating platform in the region.

Arya Wellness Centre was established in 2021 as a Joint Venture/AOP between NEMRIL and HRPL. The centre is located on GS Road in Guwahati, within a prominent healthcare hub surrounded by several leading hospitals.

The centre provides an integrated range of diagnostic services covering both radiology and pathology. Its capabilities include MRI, CT scans, ultrasound, mammography, X-ray, pathology tests, high-end interventional radiology procedures and histopathology.

Strong B2C Business With Rs 26 Cr Revenue

Arya Wellness Centre operates a single diagnostic centre and has developed a strong B2C-focused business, with more than 85 per cent of its revenue generated from the B2C segment. The business is supported by an experienced team of doctors with strong clinical credentials.

In FY26, Arya Wellness Centre recorded revenue from operations of approximately Rs 26 crore. Pathology contributed 56 per cent of the revenue, while radiology accounted for the remaining 44 per cent.

The business reported IND AS EBITDA of Rs 5.6 crore and IND AS Adjusted PAT of Rs 2.5 crore during FY26.

Acquisition Valuation and EPS Impact

According to Vijaya Diagnostic Centre's Chief Financial Officer Narasimha Raju KA, the acquisition reflects the company's disciplined approach to capital allocation and focus on creating long-term shareholder value.

The transaction has been structured as a slump sale through the execution of a BTA at a valuation of approximately 8–9x FY26 IND AS EBITDA. The company expects the acquisition to be EPS accretive from the outset.

The acquisition provides Vijaya Diagnostic Centre with an established and profitable operating base in Guwahati while maintaining its focus on capital efficiency and return thresholds. The company said it will continue evaluating organic and inorganic expansion opportunities where there is a combination of strong market fundamentals, strategic fit, attractive valuations and healthy long-term returns on invested capital.

Management Commentary

Suprita Reddy, Managing Director and CEO of Vijaya Diagnostic Centre, said the company's entry into Guwahati represents an important milestone in building a high-quality integrated diagnostics network.

She said the company has consistently followed a disciplined expansion strategy focused on markets with strong long-term demand for comprehensive and advanced diagnostic services. Guwahati provides a strategic extension of Vijaya's growing presence in West Bengal and an entry point into the North-East.

According to the company, Arya Wellness Centre's business model closely aligns with Vijaya's focus on high-quality diagnostics. Its combination of advanced and basic pathology and radiology services makes it a strategically attractive asset. Vijaya expects the acquisition to provide a strong platform for establishing a meaningful presence in Assam and subsequently expanding across the North-Eastern region.

Siva Rama Raju Vegesna, Chief Operating Officer of Vijaya Diagnostic Centre, said Arya Wellness Centre combines a strong B2C business, comprehensive radiology and pathology capabilities and an experienced clinical team.

The company's immediate priorities will include ensuring a seamless transition, strengthening the team and maintaining continuity of patient care and service quality. Over time, Vijaya plans to leverage its operating expertise, clinical capabilities and established processes to strengthen its presence in Guwahati and support calibrated expansion across Assam and the broader North-East region.

Vijaya Diagnostic Centre's Network

Vijaya Diagnostic Centre is an integrated diagnostic chain providing pathology and radiology investigations through an extensive operating network.

The company currently has more than 160 diagnostic centres and 27 reference laboratories across 27 cities and towns in Telangana, Andhra Pradesh, Maharashtra, Karnataka, the National Capital Region and West Bengal. Its services range from basic pathology testing to high-end radiology investigations.

The acquisition of Arya Wellness Centre is expected to expand Vijaya's geographical footprint into Assam and provide a platform for further expansion across the North-East.

Disclaimer: The article is for informational purposes only and not investment advice.