Cyrix Healthcare acquires Blue Star E&E MedTech Solutions business

Cyrix Healthcare, a portfolio company of Somerset Indus Capital Partners Fund III, has completed the acquisition of the MedTech Solutions business of Blue Star Engineering & Electronics Ltd. (Blue Star E&E), effective September 1, 2026.

The acquisition strengthens Cyrix Healthcare’s capabilities in medical imaging, equipment sales, installation, maintenance, repairs, refurbishment and lifecycle management.

The transaction brings together Blue Star E&E’s MedTech Solutions business, experienced professionals, customer relationships and expertise in multi-brand CT and MRI with Cyrix Healthcare’s Total MedTech Management platform.

The acquisition forms part of Cyrix Healthcare’s growth strategy of expanding its capabilities and scale through organic growth and strategic M&A, as it builds a Total MedTech Management platform across India, the Middle East and Africa.

All existing Blue Star E&E MedTech Solutions customers will continue to be supported by the same teams, now as part of Cyrix Healthcare, ensuring continuity of service. The transaction has been completed with immediate effect. Financial terms were not disclosed.

Blue Star E&E’s MedTech Solutions team brings experience across CT and MRI, covering sales, clinical applications, installation, maintenance, repairs and equipment management. The team has experience across more than 250 CT and MRI installations, together with established customer relationships and imaging expertise across India.

The addition strengthens Cyrix Healthcare’s capabilities across the medical imaging lifecycle, from equipment sales and clinical applications to installation, maintenance, repairs and refurbishment.

Blue Star E&E’s refurbishment capabilities will further strengthen AURUM, Cyrix Healthcare’s refurbished medical equipment business, particularly in refurbished CT and MRI systems. The combined platform will also provide access to refurbished equipment, spare parts and accessories, supported by Cyrix Healthcare’s warehouse and service network across India.

Cyrix Healthcare has built its business around Total MedTech Management, helping healthcare providers manage medical technologies across their complete lifecycle through a single accountable partner.

Its capabilities include multi-vendor installation and maintenance, calibration, quality assurance, repairs, refurbishment, lifecycle planning, digital asset management, product solutions and technical expertise.

With more than 1,200 biomedical engineers and technical professionals, expertise across more than 6,000 models of medical technologies, responsibility for more than 650,000 medical devices, and support for more than 25,000 healthcare facilities, Cyrix Healthcare has built a healthcare technology platform across India, the Middle East and Africa.

The addition of Blue Star E&E MedTech Solutions brings further depth in CT/MRI, imaging products, clinical applications, installation, maintenance, repairs and refurbishment, while expanding the people, products and resources available to healthcare providers.

For hospitals, this means access to CT/MRI expertise, imaging and refurbishment options, spare-parts availability, service capabilities and a support network through one partner.

Mayur Sirdesai, Co-Founding Partner, Somerset Indus Capital Partners, said; “Cyrix Healthcare represents the kind of healthcare platform we believe can create meaningful and lasting value by addressing critical gaps in healthcare infrastructure and technology management. We see strategic M&A as an important lever for building scale and strengthening capabilities in healthcare and the acquisition of Blue Star E&E’s MedTech Solutions business is a strong example of this approach in action. By adding established medical imaging capabilities to its broader Total MedTech Management offering, Cyrix is well positioned to build a more differentiated and comprehensive platform, while expanding its ability to serve healthcare providers across India and over time, the wider region.”

Commenting on the acquisition, Ajith Kumar S, Co-Founder & Executive Director, Cyrix Healthcare, said: “We are privileged to carry forward a business that has earned the trust of India’s healthcare community over several decades. This acquisition strengthens our imaging capabilities and advances our vision of ensuring healthy healthcare technologies for a healthier India.”

Joy K John, Co-Founder & Executive Director, Cyrix Healthcare, said: “This combination gives healthcare providers access to deeper CT and MRI expertise, broader imaging and refurbishment capabilities, stronger service resources and a wider MedTech platform—all through a single partner.”

The combination of Blue Star E&E’s specialist imaging expertise and Cyrix Healthcare’s broader MedTech capabilities creates a platform to serve the evolving needs of healthcare providers and advances Cyrix Healthcare’s vision of building a Total MedTech Management ecosystem across India, the Middle East and Africa.

The acquisition also strengthens Cyrix Healthcare’s ability to build scale and expand its capabilities through strategic opportunities across the MedTech value chain, supporting its long-term growth across its markets.

Somerset Indus Capital Partners was founded in 2011 as a private equity firm investing in healthcare businesses that deliver quality, affordable and accessible care across India, especially in underserved markets. With an AUM of around $500 million across three funds, the firm partners with purpose-driven founders through growth equity investments, with ticket sizes ranging from $15–40 million. Somerset’s insights and understanding of the healthcare sector in India has added value to 16 businesses across healthcare delivery, pharma, medical devices, diagnostics and other spaces.

Somerset’s approach to responsible investing is guided by principles and a proprietary framework aligned with global ESG and impact standards. The firm is led by a team with expertise in healthcare, pharma and private equity.