Dr Lal PathLabs

Last updated

Dr Lal PathLabs
Company type Public
BSE:  539524
NSE:  LALPATHLAB
IndustryHealthcare
Founded1949
FounderS. K. Lal
Headquarters
Delhi
,
India
Number of locations
233 [1]
Key people
 Arvind Lal (Chairman)
BrandsSwasthfit, Sugarnme, OncoPro, NephroPro
RevenueIncrease2.svg₹2,987 crore (US$370 million) (FY22) [2]
Increase2.svg₹350 crore (US$44 million) (FY22) [2]
Number of employees
3941 (2019)
Website www.lalpathlabs.com

Dr Lal PathLabs Limited is an Indian service provider of diagnostic and related healthcare tests. Based in New Delhi, the company offers tests on blood, urine and other human body viscera.[ citation needed ]

Contents

History

Dr Lal PathLabs was started in 1949, by the late S. K. Lal. [3] [4] Lal was a Junior Doctor in the British Indian Army and studied pathology from the Armed Forces Medical College in Pune, with additional training in pathology at Cook County Hospital in Chicago. [5] The main operation of Dr Lal PathLabs deals with the performing of diagnosis and testing, including routine tests (including blood tests), specialized tests (e.g., viral and bacterial infection tests) and preventive screenings.[ citation needed ]

In 2014, Dr Lal PathLabs acquired the APL Clinical Institute of Clinical Laboratory & Research Private Limited. [6]

Dr Lal PathLabs launched its IPO in 2015. [7] The company got listed on BSE and NSE on 23 December 2015. [8]

In 2021, Dr Lal PathLabs acquired Suburban Diagnostics for an enterprise value of ₹925 crore in an all-cash deal. [9]

Operations

Infrastructure

The company has 200 laboratories and diagnostic centres with approximately 5000+ collection centres across India. [1] They have also worked with BD India to open a "Centre of Excellence in Phlebotomy", a centre for training healthcare in the process of safely collecting blood samples. [10]

Laboratory Accreditations

Awards and recognition

Controversies

Zika outbreak

While Zika has not been reported in India (as of 6 February 2016), on 3 February 2016, Dr Lal PathLabs and other competing pathology labs announced they were preparing Zika test kits. [17] Dr Lal PathLabs reported they plan to sell their kits for Rs 4500 (€60). However, several days later IndiaToday reported: "the Union Ministry of Health pulled up private players, saying they cannot cash in on a public health emergency" and also reported that Dr. Vandana Lal (executive director of Dr Lal PathLabs) stated: "We don't want to talk on this matter. We don't have any tests for Zika virus and we are also not importing any test kits for the same. If at all we plan to do something, we will take the government's prior permission." [18]

Data breach

According to an October 2020 report, for months, the company stored hundreds of massive spreadsheets containing sensitive patient data in an Amazon Web Services storage bucket without a password. TechCrunch was the first news source to report the data breach. [19] [20]

Related Research Articles

<span class="mw-page-title-main">Phlebotomy</span> Medical procedure involving an incision in a vein

Phlebotomy is the process of making a puncture in a vein, usually in the arm, with a cannula for the purpose of drawing blood. The procedure itself is known as a venipuncture, which is also used for intravenous therapy. A person who performs a phlebotomy is called a phlebotomist, although most doctors, nurses, and other technicians can also carry out a phlebotomy. In contrast, phlebectomy is the removal of a vein.

Quest Diagnostics is an American clinical laboratory. A Fortune 500 company, Quest operates in the United States, Puerto Rico, Mexico, and Brazil. Quest also maintains collaborative agreements with various hospitals and clinics across the globe.

Siemens Healthineers is a German company which provides healthcare solutions and services. It was spun off from its parent company Siemens in 2017, which retains a 75% stake. Siemens Healthineers is the parent company for several medical technology companies and is headquartered in Erlangen, Germany.

<span class="mw-page-title-main">Medical laboratory</span> Principles of management with special reference to medical science

A medical laboratory or clinical laboratory is a laboratory where tests are conducted out on clinical specimens to obtain information about the health of a patient to aid in diagnosis, treatment, and prevention of disease. Clinical medical laboratories are an example of applied science, as opposed to research laboratories that focus on basic science, such as found in some academic institutions.

Laboratory Corporation of America Holdings, more commonly known as Labcorp, is an American healthcare company headquartered in Burlington, North Carolina. It operates one of the largest clinical laboratory networks in the world, with a United States network of 36 primary laboratories. Before a merger with National Health Laboratory in 1995, the company operated under the name Roche BioMedical. Labcorp performs its largest volume of specialty testing at its Center for Esoteric Testing in Burlington, North Carolina, where the company is headquartered. As of 2018, Labcorp processes 2.5 million lab tests weekly.

Sonic Healthcare Limited is a Sydney-based, Australian company that provides laboratory services, pathology, and radiology services.

Established in 2001 as a tertiary care hospital, it has since become the market leader among private hospital chains in Western India. Sterling Addlife India Pvt. Ltd. owns and manages the hospital, which adheres to a patient-centric approach, ethical medical practices, and world-class healthcare as its corporate philosophy. Sterling offers a range of high-quality medical and surgical care in several critical specialties across its four multi-specialty hospitals located in Gujarat, namely Ahmedabad, Vadodara, Rajkot, and Gandhidham

<span class="mw-page-title-main">National Accreditation Board for Testing and Calibration Laboratories</span> Indian accreditation organisation

National Accreditation Board for Testing and Calibration Laboratories (NABL) provides accreditation to Conformity Assessment Bodies (Laboratories) in India. NABL Schemes include Accreditation (Recognition) of Technical competence of testing, calibration, medical testing laboratories, Proficiency testing providers (PTP) & Reference Material Producers (RMP) for a specific scope following ISO/IEC 17025, ISO 15189, ISO/IEC 17043 & ISO 17034:2016 Standards. It has Mutual Recognition Arrangement (MRA) with Asia Pacific Accreditation Cooperation (APAC), International Laboratory Accreditation Cooperation (ILAC).

<span class="mw-page-title-main">Mankind Pharma</span> Indian pharmaceutical and healthcare products company

Mankind Pharma is an Indian pharmaceutical and healthcare products company, headquartered in Delhi. The company has products in therapeutic areas ranging from antibiotics, to gastrointestinal, cardiovascular, dermal, and erectile dysfunction medications.

<span class="mw-page-title-main">Aster DM Healthcare</span> Healthcare company in Gulf countries and India

Aster DM Healthcare Limited is a multinational for-profit private hospital network founded by Azad Moopen in 1987. The company has its corporate headquarters in Dubai, UAE, and is registered in Bangalore, India. Aster DM Healthcare currently operates hospitals, medical centres, diagnostic centres, laboratories and pharmacies in six GCC countries and India. The corporation works in a variety of economic sectors through its brands Aster, Medcare, and Access.

<span class="mw-page-title-main">MedPlus</span> Indian pharmaceutical retailer

MedPlus Health Services is an Indian pharmacy retail chain, headquartered in Hyderabad. MedPlus is the second largest pharmacy chain in India, operating over 3,000 pharmacy stores across 374 cities, as of 2022.

<span class="mw-page-title-main">Arvind Lal</span>

Arvind Lal is an Indian billionaire, pathologist, medical administrator and the chairman and managing director of Dr Lal PathLabs, a medical diagnostic centre in Delhi. A medical graduate and a medical academic, he is reported to have modernized Indian medical diagnostics and initiated the first Public Private Partnership (PPP) in the field of laboratory testing in India. He holds the rank of a Brigadier in the Indian Armed Forces, an honorary rank conferred by the Army. The Government of India awarded him the fourth highest civilian honour of the Padma Shri, in 2009, for his contributions to Medicine.

Impact Guru is a donation based crowdfunding platform for NGOs, social enterprises, startups and individuals.

<span class="mw-page-title-main">Thyrocare</span> Indian medical diagnostic company

Thyrocare Technologies Limited is an Indian multinational chain of diagnostic and preventive care laboratories, headquartered in Navi Mumbai, Maharashtra. The company has a total of 1,122 outlets and collection centers across India and parts of Nepal, Bangladesh and the Middle East.

Arokiaswamy Velumani is an Indian entrepreneur. He is the founder of Thyrocare Technologies Ltd. a chain of diagnostic and preventive care laboratories headquartered in Navi Mumbai. He is the founder of Nueclear Healthcare Limited, a radiology diagnostics company affiliated to Thyrocare.

<span class="mw-page-title-main">Metropolis Healthcare</span> Indian multinational diagnostic lab company

Metropolis Healthcare, also known as Metropolis Labs, is an Indian multinational chain of diagnostic labs, with its central laboratory in Mumbai, Maharashtra. Metropolis Healthcare has a chain of 124 clinical laboratories and 2400 collection centers across 7 countries including India. The healthcare company was founded in 1980. The company went public in April 2019.

Agilus Diagnostics Limited is an Indian multinational diagnostics company providing diagnostic services in pathology and radiology. Agilus Diagnostics has its headquarters and corporate office in Gurgaon.

<span class="mw-page-title-main">Manipal Hospitals</span> Indian hospital chain

Manipal Health Enterprises, commonly known as Manipal Hospitals, is an Indian for-profit private hospital network headquartered in Bangalore, Karnataka. The hospitals trace their origins to the Kasturba Medical College, founded by T. M. A. Pai in 1953. Manipal Hospitals is the second largest healthcare provider in India, with a network of 33 hospitals. Manipal Hospitals is part of the Manipal Education and Medical Group.

Healthians is an Indian diagnostic company with its headquarters in Gurgaon, Haryana. It was incorporated in 2015 as a subsidiary of Expedient Healthcare. Deepak Sahni is the Founder and CEO of the company.

Pathkind Labs is an Indian service provider of diagnostic and related healthcare tests. It was founded in 2016. The business has 70 diagnostic labs and over 2000 centers in India and is accredited with the NABL and NABH.

References

  1. 1 2 "Dr Lal PathLabs – Our Labs".
  2. 1 2 "Dr Lal Pathlabs Q4 Results: Profit dips 27% to Rs 62 cr". The Economic Times. Retrieved 13 January 2023.
  3. ↑ "US PE firm in talks to buy 15% in Dr Lal PathLabs from Sequoia". The Economic Times. Retrieved 22 October 2021.
  4. ↑ "Dr Lal PathLabs". India Brand Equity Foundation . Retrieved 8 February 2016.
  5. ↑ Phadnis, Aneesh (1 December 2015). "Country's oldest path lab chain to go public with Rs 638-cr IPO". Business Standard India. Retrieved 22 October 2021.
  6. ↑ "Dr Lal Pathlabs Ltd". The Times of India. Retrieved 8 February 2016.
  7. ↑ "Dr Lal Pathlabs IPO To Open On Dec 8, Price Band Rs 540-550". Moneycontrol. Retrieved 22 October 2021.
  8. ↑ Mudgill, Amit (23 December 2015). "PathLabs, Alkem soar on stock market debut". The Economic Times. Retrieved 2 February 2016.
  9. ↑ "Dr Lal Path Labs buys Suburban Diagnostics in all-cash deal". The Economic Times. Retrieved 13 January 2023.
  10. ↑ "BD India and Dr Lal PathLabs launch COE in phlebotomy". The Financial Express. 8 July 2015. Retrieved 10 February 2016.
  11. ↑ "Organisers & Partners". eletsonline.com. Retrieved 14 February 2016.
  12. ↑ "DIRECTORY of ACCREDITED MEDICAL TESTING LABORATORIES". nabl-india.org. Retrieved 14 February 2016.
  13. ↑ "Cnbc Tv18 Emerging India Award". moneycontrol.com. Retrieved 14 February 2016.
  14. ↑ "Take a look at winners of VCCircle Healthcare Awards 2013". VCCircle. Retrieved 14 February 2016.
  15. ↑ "FROST & SULLIVAN 4th ANNUAL INDIA HEALTHCARE EXCELLENCE AWARDS 2012". frost.com. Retrieved 14 February 2016.
  16. ↑ "FICCI Healthawards 2018". www.ficcihealthawards.com. Retrieved 31 January 2019.
  17. ↑ "In India, Zika detection test to hit market by March, cost pegged at Rs 5,000". Hindustan Times. 3 February 2016. Retrieved 10 February 2016.
  18. ↑ "Health Ministry pulls up laboratories for trying to cash in on Zika scare". India Today. Retrieved 10 February 2016.
  19. ↑ "Dr Lal PathLabs leaks millions of patients data in public domain: Report". The Indian Express. 10 October 2020. Retrieved 19 May 2022.
  20. ↑ Ahaskar, Leroy Leo,Abhijit (8 October 2020). "Dr Lal PathLabs left critical patient data exposed on public server". mint. Retrieved 19 May 2022.{{cite web}}: CS1 maint: multiple names: authors list (link)
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.