Skanray Healthcare has agreed to purchase the Mysore-based medical equipment business of Larsen & Toubro (L&T).
Skanray Healthcare is owned by Skanray Technologies, a company set up in 2007 in Mysore engaged in diagnostic imaging products and primary healthcare devices. Its product range includes high frequency x-ray generators, x-ray imaging systems, critical care devices and industrial x-ray imaging.
L&T’s medical equipment business consists of patient monitors, ECG machines, syringe pumps, anaesthesia delivery systems, ventilators, defibrillators, cardiac resuscitation systems, ultrasound and colour Doppler imaging, x-ray and c-arm image intensifiers, hospital turnkey projects, telemedicine solutions and specialty ambulances.
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Skanray Technologies’ managing director, Vishwaprasad Alva, said the new entity would form a series of global associations to design and manufacture state-of-the-art echo colour Doppler ultrasound, critical care devices and total hospital solutions among other products. Skanray aims to make primary healthcare more accessible and affordable for the masses. “We are leaping towards our dream of enabling mass wellness at ₹100 [US$2] per person per month,” the company said in a note.
Naina Krishna Murthy, the managing partner at Krishnamurthy & Co, along with partner Praveen Raju, associate partner Sankar Swamy and associate Aparnaa Bhalotia, advised L&T on the proposed sale.
Skanray was represented by DSK Legal.
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