New Delhi: Abhay HealthTech on Saturday announced the acquisition of consumer health product manufacturer MNP Health for an undisclosed amount. The strategic acquisition of MNP Healthcare marks an important milestone in Abhay HealthTech’s expansion plans, strengthening its presence in the OTC (over the counter) consumer market. health sectorthe company said in a statement.
As part of this collaboration, Abhay HealthTech will acquire the entire portfolio of MNP Healthcare, including its brands, products, people and manufacturing facilities, it said, without disclosing the acquisition cost.
Apurv Modi, Co-Founder and CEO, Abhay HealthTech, said, “MNP Healthcare brings significant manufacturing expertise and a proven track record in delivering world-class products at competitive prices.”
MNP Healthcare directors Mohanlal Yadav and Naveen Pathak will join Abhay HealthTech’s advisory board, as part of the deal.
AbhayHealthTech’s product portfolio consists of branded consumer healthcare and wellness productsprimarily in areas of routine health disruption and proactive care, expanding into key over-the-counter (OTC) categories such as rapid test kits, hygiene, skin care, supplements, women’s care, baby care and wellness. the children.
MNP Healthcare, a subsidiary of MNP Meditechis engaged in manufacturing medical products for leading Indian pharmaceutical companies.
