# Polymed to acquire 90% stake in PendraCare Group for ₹188.5 crore

Polymed has signed definitive agreements to acquire a 90% stake in PendraCare Group (PendraCare Holdings and Wellinq Medical) for an enterprise value of ₹188.5 crore (€18.3 million), gaining access to cardiology catheter solutions and regulated markets in Europe and the US.

- Type: Acquisition
- Announced: 2025-09-04
- Where: Netherlands
- Value: $2.26M (188.5M INR)
- Status: announced
- Products: cardiology catheter solutions
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Wellinq](https://endata.com/companies/71151.md) (partner)
- [Polymed](https://endata.com/companies/86971.md) (acquirer)
- [PendraCare Group](https://endata.com/companies/87065.md) (target)

## Sources

- [expresshealthcare.in](https://www.expresshealthcare.in/news/polymed-to-acquire-90-stake-in-pendracare-group-for-rs-188-5-crores/450525/), 2025-09-04: "Polymed, a leading medical device company with a strong position in the medical consumables market, has announced the signing of definitive agreements to acquire a 90 per cent stake in PendraCare Group."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.