Chennai based 
Trivitron Healthcare Private Limited is planning to raise PE funding upto $100 Mn.
The funds raised would be used for expansion of its Medical Technology Park in the city and other projects. The company is looking at two to three acquisitions in European and US markets.
Recently, the company acquired a minority stake in Kiran Medical Systems in a cash and a stock swap deal. The agreement between two companies also allows Trivitron to increase its shareholding over the next few years.
Trivitron Healtcare has also entered into a strategic partnership with Hitachi Medical Systems to provide high end imaging solutions such as CT, MRI, Digital X-ray and Ultrasound systems.
Trivitron was founded in 1998 by GSK Velu as a trader of medical equipment, medical devices, and medical consumables. It started manufacturing medical equipment in 2009. Trivitron has also floated about five joint venture companies with leading global medical equipment manufacturers and healthcare service providers.
Last August, Medfort Hospitals another Trivitron group company merged with Hyderabad-based eye-care chain Maxivision Eye Hospitals.
TVS Shriram Growth Fund and ePlanet Ventures - have invested Rs.60Cr in Medfort Hospitals.
KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
| 23/01/12 |
Trivitron Healthcare - Fund Raising |
Private Equity |
Looking For |
100.00 |
| 31/10/07 |
Trivitron Medical - ePlanet Ventures, HSBC |
Private Equity |
ePlanet Ventures |
9.41 |
| Date | Type | Buyer | Target | Size ($mn) | State |
| 07/02/12 |
Private Equity |
IDFC Private Equity |
Sahyadri Hospitals Limited |
61.17 |
Planned |
| 06/02/12 |
M&A |
Nova Medical Centers Private Limited |
Helios Hospitals Private Limited |
- |
Completed |
| 01/02/12 |
M&A |
Fortis Healthcare Limited |
RadLink-Asia Pte Ltd |
63.51 |
Completed |
| 01/02/12 |
Private Equity |
Looking For |
Perfint Healthcare Private Limited |
20.34 |
Planned |
Company |
| Name | Promoters | Office | Competitor | Website |
| Trivitron Healthcare Private Limited |
Gomathy S K Velu |
Trivitron Sapthagiri, Bhavan 15, IV Street, Abhiramapuram |
|
www.trivitron.com |
