Diagnostic chain Metropolis mulls $230 million IPO

Managing Director Ameera Shah is looking to raise the profile of the diagnostic chain as the Mumbai-based company scouts for takeover targets

Metropolis Healthcare, an operator of medical diagnostic centers backed by Carlyle Group LP, is considering an initial public offering (IPO) to raise about Rs 15 billion ($230 million) as it seeks acquisitions.

The sale will likely include a partial stake held by the founders as well as new shares, Managing Director Ameera Shah, said in an interview. A time frame for the offering has not been set and the company hasn't appointed an adviser for the sale, she said.

Shah is looking to raise the profile of the diagnostic chain as the Mumbai-based company scouts for takeover targets. Growing affluence in India