Spice Route Legal is pleased to have advised Siddhi Diagnostics & Research Centre (SDRC), a well-established radiology and diagnostics company based in Maharashtra, on its acquisition by MedGenome Labs Ltd., a leading private equity-backed diagnostics platform in India.

The transaction brings together MedGenome’s advanced genomics and multi-omics capabilities with SDRC’s three decades of expertise in diagnostic imaging, creating an integrated diagnostics platform aimed at expanding access to high-quality diagnostic services across Western India. The acquisition marks a significant step in strengthening MedGenome’s presence in the region, particularly across high-growth suburban markets, while deepening the integration of genomics into mainstream clinical diagnostics.

The combination is expected to enhance the delivery of comprehensive diagnostic solutions by integrating molecular and structural diagnostics, enabling earlier detection, improved clinical insights, and more precise treatment pathways. The transaction also reflects MedGenome’s continued focus on building an accessible and technology-driven diagnostics ecosystem in India.

This transaction further highlights the strength of Spice Route Legal’s Tier 1 Life Sciences and Healthcare practice. Legal 500, world’s leading law firm directory, notes, “Spice Route Legal’s life sciences and health care team offers a wide scope of practice, providing regulatory expertise and advice on M&A transactions in the global and domestic sphere. With clients spanning the cosmetics, healthcare, and pharmaceutical sectors, the team is well-regarded as a go-to firm and is co-headed by Praveen Raju, who boasts extensive experience in corporate law and has recently advised on investment into a firm in the dental sector.”

Partner Praveen Raju, who led the transaction, commented: “We are delighted to have advised SDRC on this strategic transaction with MedGenome. The combination of advanced genomics capabilities with a deeply established diagnostics and imaging platform reflects the direction in which the healthcare and diagnostics sector is evolving in India – towards more integrated, technology-driven, and patient-centric solutions. This transaction also highlights the increasing momentum within the diagnostics space, particularly in high-growth regional markets.”

The Spice Route Legal team advising on the transaction was led by Partner Praveen Raju, along with Senior Associate Felina Das and Associates Shantanu Upadhyay, Somya Sharma, and Astha Agarwal.