Press Release
Cyrix Healthcare Acquires Blue Star E&E's MedTech Solutions Business, Strengthening Total MedTech Management Capabilities
Kochi, September 4, 2026
Cyrix Healthcare today announced that it 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's capabilities in medical imaging, equipment sales, installation, maintenance, repairs, refurbishment and lifecycle management.
The acquisition brings together Blue Star E&E's established MedTech Solutions business, experienced professionals, customer relationships and deep expertise in multi-brand CT and MRI with Cyrix Healthcare's growing Total MedTech Management platform.
All existing Blue Star E&E MedTech Solutions customers will continue to be supported by the same experienced teams, now as part of Cyrix Healthcare, ensuring continuity of service. The transaction has been completed with immediate effect. Financial terms were not disclosed.
Strengthening Medical Imaging Capabilities
Blue Star E&E's MedTech Solutions team brings extensive 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'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's refurbished medical equipment business, particularly in refurbished CT and MRI systems. The combined platform will also provide stronger access to refurbished equipment, spare parts and accessories, supported by Cyrix's warehouse and service network across India.
A Single Partner for More MedTech Needs
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 has built a broad 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 deeper CT/MRI expertise, more imaging and refurbishment options, stronger spare-parts availability, broader service capabilities and a wider support network through one partner.
“We are privileged to carry forward a business that has earned the trust of India's healthcare community over several decades. Blue Star E&E has built a strong legacy in medical technology, and this acquisition significantly strengthens our imaging expertise, service capabilities and product portfolio while accelerating our vision of building a comprehensive Total MedTech Management ecosystem.”
Ajith Kumar S, Co-Founder & Executive Director, Cyrix Healthcare
“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.”
Joy K John, Co-Founder & Executive Director, Cyrix Healthcare
“Our vision is to ensure healthy healthcare technologies for a healthier India—helping healthcare providers keep their medical technologies safe, reliable and performing at their best throughout their lifecycle.”
Ajith Kumar S, Co-Founder & Executive Director, Cyrix Healthcare
Building the Future of Total MedTech Management
The combination of Blue Star E&E's specialist imaging expertise and Cyrix's broader MedTech capabilities creates a stronger platform to serve the evolving needs of healthcare providers and advances Cyrix's vision of building a comprehensive Total MedTech Management ecosystem across India, the Middle East and Africa.
Transaction Advisors
Advay Capital acted as the Exclusive Financial Advisor to Cyrix Healthcare on the acquisition of the MedTech business, providing end-to-end buy-side transaction advisory services across the transaction lifecycle.
JSA Advocates and Solicitors acted as legal counsel to Cyrix Healthcare, advising on the transaction documentation, legal structuring and execution of the acquisition.
About Cyrix Healthcare
Cyrix Healthcare is a Healthcare Technology Management company providing integrated lifecycle solutions for medical technologies across hospitals, diagnostic centres and healthcare institutions. Its Total MedTech Management ecosystem includes multi-vendor maintenance, installation, calibration, quality assurance, repairs, refurbishment, lifecycle planning, digital asset management, technical workforce development, smart accessories, product solutions and healthcare technology consulting.
Founded and headquartered in Kerala, Cyrix has grown from a strong regional healthcare technology services company into an organisation serving healthcare institutions across India and expanding into international markets in the Middle East and Africa. Cyrix has been managing the medical equipment of Kerala's government hospitals for several years, building deep experience in large-scale, multi-vendor healthcare technology management.
Today, Cyrix manages more than 650,000 medical devices across government and private healthcare institutions, including extensive engagements with state healthcare systems across Kerala, Rajasthan, Uttar Pradesh, Andhra Pradesh and other states. The company supports more than 25,000 healthcare facilities and has performed more than 40 million calibrations.
With more than 1,200 biomedical engineers and technical professionals and expertise across 6,000+ medical technology models, Cyrix is building one of the region's most comprehensive Total MedTech Management ecosystems across India, the Middle East and Africa.
Cyrix is backed by Somerset Indus Capital Partners, a healthcare-focused private equity firm with a strong track record of investing in and scaling healthcare businesses across India.
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