CURA Healthcare, a medical technology company has acquired Chennai-based DE Healthcare for an undisclosed sum, thereby entering the ultrasound imaging industry. “It is a strategic deal. Following the acquisition, CURA Healthcare would foray into the ultrasound equipment device business ,” said M Balasubramanium, CEO, Cura Healthcare informing that the DE Healthcare brand would be retained. “DE Healthcare would focus on sales of ultrasound equipment under CURA’s banner with its sales force pan-India. We are having pipeline of opportunities. We are now trying to consolidate. In next five years, we are aiming to become a Rs 500 crore company,”. he said. This CURA Healthcare’s second acquisition in three months. In June, the company had announced that PE firm Peepul Capital’s $ six million capital infusion would support its expansion plans. S Balaji, Director, DE Healthcare said, “The ultrasound imaging industry is about Rs 850 crore market, growing 20 per cent (year-on-year). This year, post this acquisition, we are looking at a revenue of Rs 20 crores from DE Healthcare.”
EH News Bureau
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