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HEALTHCARE | Medical Devices & Equipment / Imaging & Diagnostic Equipment
prognosysmedical.com

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Stage

Private Equity | Alive

Total Raised

$33.23M

Last Raised

$33.23M | 7 yrs ago

About Prognosys Medical Systems

Prognosys Medical Systems is a Bangalore based company designing, manufacturing and integrating a range of world class products and solutions in Radiology and Telehealth. Prognosys works in close association with leading international brands like Canon to bring products of international quality, safety and reliability at affordable prices.

Prognosys Medical Systems Headquarter Location

249, 4th Main Road Chamarajpet, Chamarajpet, Karnataka

Bengaluru, 560 018,

India

+91 80 2660 0697

Latest Prognosys Medical Systems News

Somerset Indus Invests In Prognosys Medical Systems, Chayagraphics

Jun 26, 2014

Private Equity | 26 June 2014 Somerset Indus Invests In Prognosys Medical Systems, Chayagraphics by Tilak Devadiga   @Tilak @Somerset_Indus , a healthcare focused PE firm founded by Carlyle principal Avinash Kenkare and life sciences industry executive Mayur Sirdesai, is investing a total of INR 200 Mn in medical imaging equipment manufacturer, @Prognosys_Medical , and its sister concern Chayagraphics which focuses on distribution part, for a minority stake. Founded by V Krishna Prasad, the decade old company designs and manufactures high end digital solution and systems in Radiology and Telehealth. Its business operations covers High frequency X-ray , Digital Radiography System, C-Arm, Tele-Radiology, Telemedicine, Home health and M-health Solutions and accessories like Automatic Film Processors. With the latest infusion it plans to set up a 30,000 square feet facility in Bangalore. Having partnerships with radiological equipment manufacturers based in Japan, Spain, Italy, the company’s products exported to over 17 countries. It serves as an exclusive partner for Canon in India for assembling digital medical imaging products. Chayagraphics is a sister concern which focuses on medical imaging consumables distribution for the Indian market. The Bangalore based firm expects to together earn revenues of INR 800 Mn this fiscal. This would be the fourth investment for the Somerset Indus Capital Partners which seeks to make private equity and equity-related controlling or influential minority investments primarily in healthcare companies in India. Backed by US buyout firm Avista Capital and Health Evolution Partners, Somerset India counts @Sandor Private Limited, which markets and distributes specialty pharmaceutical and medical technology products, diagnostic chain Express Clinics and super-specialty hospital chain Cygnus Medicare in its portfolio. The firm has raised its first fund of $27 Mn (c.INR 1,600 Mn) and is now planning to raise a second fund with a corpus of about $125 Mn (INR 7,500 Mn) from both domestic and overseas investors. It aims to close three more deals this year. The Indian medical device and equipment market is expected to grow to around $ 7.8 Bn by 2016, growing at a CAGR of 15.5%, according to an industry report. India’s medical device market is currently the fourth largest market in Asia with 700 medical device makers, and ranks among the top 20 in the world. Recently high end radiology equipment maker @Cura_Healthcare Private Limited had raised $6 Mn (c.INR 355.68 Mn) from existing investor Peepul Capital LLC. Reference: ET RCom Raises Funds Through QIP Anil Ambani led Reliance Communications Limited has raised a whopping INR 48 Bn through share sale to institutional investors. The company also seeks to issue warrants worth INR 13 Bn to promoters which along with the QIP proceeds will be utilized to trim debt and deleverage its balance sheet.

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Expert Collections containing Prognosys Medical Systems

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Prognosys Medical Systems is included in 2 Expert Collections, including Medical Devices.

M

Medical Devices

10,972 items

Companies developing medical devices (per the IMDRF's definition of "medical device"). Includes software, lab-developed tests (LDTs), and combination products. *Columns updated as regularly as possible.

H

Health Monitoring & Diagnostics

2,394 items

Companies developing or offering products that aid in the assessment, screening, diagnosis, or monitoring of a person's state of health/wellness. Excludes companies focused solely on fitness/sports performance

Prognosys Medical Systems Patents

Prognosys Medical Systems has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

8/14/2009

5/6/2014

Analytical chemistry, Chromatography, Immunologic tests, Mass spectrometry, Ion source

Grant

Application Date

8/14/2009

Grant Date

5/6/2014

Title

Related Topics

Analytical chemistry, Chromatography, Immunologic tests, Mass spectrometry, Ion source

Status

Grant

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