Vijaya Diagnostic Centre’s Rs 46.2 crore deal targets Assam

Vijaya disclosed a Rs 46.2 crore acquisition of Arya Wellness Centre that targets operations under Vijaya from 1 January 2027, subject to conditions precedent, and would increase its network from six to seven states. The consideration is stated at 8-9 times FY26 adjusted EBITDA.

What are Vijaya’s terms for acquiring Arya Wellness Centre?

Vijaya has disclosed Rs 46.2 crore as the transaction consideration for Arya Wellness Centre, with the amount stated at 8-9 times FY26 adjusted EBITDA. FY26 means fiscal year 2026, while EBITDA means earnings before interest, tax, depreciation and amortisation. The presentation’s note identifies the metric as Indian Accounting Standards, or Ind AS, EBITDA.

The 8-9 times range is the presentation’s stated valuation reference for the Rs 46.2 crore consideration. Vijaya has not disclosed Arya Wellness Centre’s underlying FY26 adjusted EBITDA amount, revenue, patient volumes or a split of the transaction consideration. As a result, the multiple, rather than a disclosed earnings or revenue history, is the available financial basis for assessing the transaction.

When does Vijaya expect Arya Wellness Centre operations to start?

Vijaya expects operations to commence under its name from 1 January 2027, after the seller fulfils conditions precedent, or CPs. The presentation says the seller is currently in the process of completing those CPs, so the operational transition is not presented as complete.

The source does not identify the individual CPs or provide a completion date before 1 January 2027. Its stated sequence is that the seller completes the CPs and Vijaya then begins operating the Guwahati platform under its name. The fulfilment of those pre-closing requirements is therefore the disclosed condition underlying the planned January 2027 start.

How would Arya Wellness Centre change Vijaya’s network?

Arya Wellness Centre would add Assam and Guwahati to Vijaya’s post-acquisition network, increasing the stated footprint by one state to seven. The presentation describes the transaction as an entry into the North-East and says the acquired platform would strengthen Vijaya’s presence in Eastern India.

The existing network map states that Telangana covers 13 cities and towns and Andhra Pradesh covers seven cities and towns. In contrast, the transaction slide identifies the acquired location as Guwahati, Assam, without giving a count of Arya Wellness Centre sites. Vijaya characterises the acquisition as an established operating platform and a foundation for expansion across the North-East.

Which services does Arya Wellness Centre bring to Vijaya?

Arya Wellness Centre lists magnetic resonance imaging (MRI), computed tomography (CT), sonography, mammography and X-ray among its imaging services. This gives Vijaya a Guwahati platform combining advanced imaging modalities, including MRI and CT, with routine radiology services.

The centre also lists blood and urine tests, biopsy and histopathology in pathology; electrocardiogram (ECG), echocardiography, treadmill test (TMT) and endoscopy in other services; and health checks for diabetes, thyroid, liver disease, kidney care and cardiac risk. Its displayed offering also includes 24 x 7 diagnostics and wellness services and a superspeciality outpatient department, or OPD.

How does Arya Wellness Centre compare with Vijaya’s recent expansion?

Arya gives Vijaya an acquired operating platform in Guwahati, whereas its disclosed additions in Bengaluru and Hyderabad were organic network expansions. Management describes the Assam transaction as a synergistic move in a strategically aligned market, intended to provide a foundation for broader North-East expansion.

In the second week of July 2026, Vijaya inaugurated a 10,000-plus square-foot flagship hub in JP Nagar, Bengaluru, with a full-fledged laboratory planned as the central lab for the entire Bengaluru region. The hub is located amid several super-specialty hospitals. Separately, Vijaya inaugurated two Hyderabad spokes at Kothapet and Moghalpura as part of its stated strategy to build network density and deepen marketing penetration.

The contrast is therefore between capacity creation at the Bengaluru hub, local network deepening through two Hyderabad spokes, and entry through acquisition in Assam. The Rs 46.2 crore transaction brings a platform that already lists imaging, pathology, cardiac-testing, endoscopy and preventive-health services, while the Bengaluru hub adds a central-laboratory function for an existing regional network.

Conclusion

The Arya Wellness Centre transaction combines a Rs 46.2 crore consideration, a stated valuation of 8-9 times FY26 adjusted EBITDA and a planned increase in Vijaya’s footprint from six to seven states. It adds Assam and Guwahati to the network while providing services that span MRI, CT, pathology, cardiac testing, endoscopy and health checks.

The next disclosed point to watch is whether the seller fulfils the conditions precedent that remain in process. Vijaya expects operations under its name to begin on 1 January 2027, and the presentation positions that start as the basis for using the Guwahati platform to expand across the North-East.