Chennai-based medical device manufacturer Trivitron Healthcare will enter into cardiac devices vertical and is looking to acquire companies that specialise in this segment.
The company currently manufactures imaging equipments such as ultrasound and other diagnostic tools. Velu said the company is expected to close FY17 with a turnover of Rs. 700 crore and is growing at the rate of 15 per cent. The company recently acquired 60 per cent stake in a Turkish company Bome Sanayi Urunleri Dis Tic Ltd for new-born screening at an investment of Rs. 40 crore last quarter. The Turkish firm has 100 per cent market share in new-born screening tests and screens 1.8 million babies annually.