Torrent Pharma to acquire Curatio Healthcare

Torrent Pharmaceuticals Limited revealed plans to pay 2,000 crore to acquire Curatio Healthcare (I) Private Limited, a major player in dermatology situated in Chennai. An official announcement revealed that Torrent Pharma has entered into a binding contract to buy out Curatio Healthcare (Curatio) for 2,000 crores, which includes 115 crores (on the day of signing) in cash and cash equivalents, giving the acquired company an enterprise value of 1,885 crores.

Curatio has a significant market share in the cosmetic dermatology sector because to its portfolio of more than 50 products that are sold in India. According to the official statement, the top 10 brands of Curatio generate 75% of its overall sales. For FY22, Curatio reported revenue of 224 crore. Sales for the year to date in August increased by 25%, and while the business anticipates 275 crore in sales for the FY23.Eighty-two percent of Curatio’s income comes from dermatology.

Cosmetic dermatology is a major field within dermatology. Cosmetic dermatology as a treatment has shown an 18% CAGR over the past ten years.

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