City-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
Like
Dislike
Be a part of Elets Collaborative Initiatives. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook , connect with us on LinkedIn and follow us on Twitter , Instagram.
