Cura Healthcare buys diagnostic imaging company

Chennai, July 31 (IANS) City-based medical technology company Cura Healthcare has turned acquisitive to enter the ultrasound equipment segment by buying diagnostic imaging company DE Healthcare, said a top company official.

Speaking to reporters here Thursday, Cure CEO M.Balasubramaniam said: "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."

However he declined the 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 couple 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.