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Cura Healthcare acquires DE Healthcare

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Cura Healthcare acquires DE HealthcareCity-based medical technology company Cura Healthcare has acquired diagnostic imaging company DE Healthcare, a move that will pitch Cura in the 850-Crore Indian market for ultrasound machines.

“The market is growing at a strong double digit rate. With acquisition of DE Healthcare with their strong domain expertise, service excellence and customer base, we will be positioned to address the fast-growing ultrasound market,” said M Balasubramaniam, Chief utive Officer, Cura Healthcare.

However, he declined to disclose the acquisition price of the ultrasound marketing company, which has a turnover of around Rs 8 crore.

According to Balasubramaniam, Cura is looking at couples of more acquisitions.

Recently, the Rs 45 crore turnover, Cura acquired the Pune-based Rs 8 crore turnover Concept Integrations for an undisclosed sum.

Concept Integrations makes patient monitoring systems, diagnostic tele-ECG systems. The company also offers tele-medicine, hospital management solutions and others.

Recently, Cura Healthcare made additional funds infusion of $6 million from private equity fund Peepul Capital. In 2012, the company got $9 million from Peepul Capital.

With inputs from IANS

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