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Abhay HealthTech acquires MNP Healthcare to expand footprint in OTC segment

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NewsDrum Desk
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New Delhi, Oct 26 (PTI) Abhay HealthTech on Saturday announced the acquisition of consumer healthcare products manufacturer MNP Healthcare for an undisclosed amount.

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The strategic acquisition of MNP Healthcare is a significant milestone in Abhay HealthTech's expansion plans, reinforcing its presence in the OTC (over the counter) consumer healthcare sector, the company said in a statement.

As part of this collaboration, Abhay HealthTech will acquire MNP Healthcare's entire portfolio, including its brands, products, people, and manufacturing facilities, it said, without disclosing the acquisition cost.

Apurv Modi, Co-founder and Managing Director of Abhay HealthTech, said, "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 join the advisory board of Abhay HealthTech, as part of the deal.

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AbhayHealthTech product portfolio consists of branded consumer healthcare and wellness products, primarily in areas of routine health disruption and proactive care, expanding across key over-the-counter (OTC) categories such as rapid testing kits, hygiene, skincare, supplements, women care, baby care and children wellness.

MNP Healthcare, a subsidiary of MNP Meditech, is engaged in manufacturing medical products for leading Indian pharmaceutical companies. PTI MSS MR

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