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PRESS RELEASE
Nicholas Piramal's
Wellspring acquires majority stake in Jankharia Imaging to
become India's First Corporate to enter into High-End Health
Imaging Services.
Mumbai, 4th January 2007:
Wellspring, the chain of Pathology Laboratories and Diagnostic
Centres promoted by Nicholas Piramal India. Ltd (NPIL), has acquired Jankharia Imaging, the
most successful radiology and imaging centre in Mumbai. The new entity would be renamed as
Wellspring-Jankharia Imaging. Following the acquisition Wellspring would be the first
corporate diagnostic provider to enter into high-end health imaging services.
 Wellspring has ambitious investment plans in the next
two years during which the company would offer tele-radiology solutions requiring expert radiology
opinions across India and abroad.
Wellspring intends to have high end imaging centers across the country and would be looking for many
more partners in key cities across India. It would also tap areas like public private partnership opportunities
being offered by Government run Medical College hospitals across the country.
Dr Swati Piramal, Director - Strategic Alliance and Communication, NPIL states, “The Indian
health imaging market is expected to double from the
existing $350 million in the next five years. Hence, we consider the acquisition to be a strategic fit into
Wellspring’s expansion plans. We are now well equipped and committed to deliver an
all-encompassing
range of high end health imaging services.”
In 2009, the imaging modalities of X-ray, ultrasound, CT, and MRI are collectively estimated
to account for 68.6 per cent of the health imaging market.
According to Dr G.R Jankharia “Jankharia Imaging and its doctors are known throughout
the country for their expertise in various radiology modalities and their use of cutting-edge
technology to deliver these high-quality services. The alliance with Wellspring will enable
Wellspring – Jankharia Imaging to spread its expertise and to accelerate the growth of new
state-of-the-art technology globally.”
For further information contact:
Notes to editors:
About Wellspring Path labs and Diagnostic center: Wellspring is the largest pathology and
diagnostics service provider in India. It has received the NABL Accreditation for Immunology,
Histopathology, Genetic testing, Microbiology, Biochemistry and Haematology on the basis of
international quality control programmes, technical evaluation and ISO 15189
guidelines. Wellspring performs over 4 million pathology tests every year with the widest test menu and
operates from thirty five locations with over 70 processing labs viz. Kolkata, Mumbai,
Mangalore, Jaipur, Hyderabad, Udaipur, Jodhpur, Bangalore. Bhubaneshwar, Cuttack, Agra,
Bikaner, Kanpur, Kerala, Rohtak and Delhi. Wellspring, offer a comprehensive range of tests
in pathology covering Biochemistry, Immunology, Hematology, Histopathology and Microbiology
and an unparalleled range of esoteric tests in the areas of Histoopathology and
Immunohistochemistry, Cytogenetics, Flow Cytometry and Molecular Biology through their
Centers of Excellence.
About Jankharia Imaging Clinic: Dr. Jankharia's Imaging Centre began as Dr. Jankharia's Xray
clinic in Girgaum, in Central Mumbai in 1969. Since then it has always aimed to be the
most cutting-edge centre in the country. Among many firsts; the first bone density scanner in
Western India and the fourth in India; the first digital X-ray, CR system in private practice in
India, which started the entire digital X-ray revolution in this country; the first centre to acquire
its own radiofrequency ablation (RF) unit for lung, liver and bone tumors, in private practice;
the first 64-slice CT scanner for cardiac CT angiography, in Asia; and the first CT fluoroscopy
unit in India in private practice, for interventional procedures. The
radiologists at Jankharia Imaging possess special expertise in barium procedures, including small bowel enemas,
mammography and breast MRI, dental imaging solutions, including pre-implant evaluation of
the jaw bones, cardiac CT and MRI, pediatric neuropathology, virtual colonoscopy and a host
of other radiology facilities.
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