Cyrix Healthcare acquires Blue Star E&E's MedTech Solutions business

In September 2026, Cyrix Healthcare, which is a portfolio company of Somerset Indus Capital Partners Fund III, completed the acquisition of the MedTech Solutions business of Blue Star Engineering & Electronics Ltd. (Blue Star E&E), effective from 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 also 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 regions like 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.

Blue Star E&E’s MedTech Solutions team brings further 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 also further 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.

Impact on the Healthcare Market

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.

The combination of Blue Star E&E’s specialist imaging expertise and Cyrix Healthcare’s broader MedTech capabilities also helps to create 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.

Impact on the Medical Imaging Market

The global medical imaging market size is calculated at USD 52.09 billion in 2025 and is predicted to increase from USD 54.70 billion in 2026 to approximately USD 84.07 billion by 2035, expanding at a CAGR of 4.90% from 2026 to 2035.

According to Precedence Research, the rise in the number of chronic diseases among people has also helped the market to show considerable growth during the forecast period. As a result of these repeated follow-ups are required, along with multiple imaging tests, which help to predict a prognosis for the case. This helps the medical expert to have a clear picture regarding the line of treatment to be followed and the possibilities of cure. Thus, the reliability of treatment increases and helps the patient to have faith in the health care sector.

The medical imaging market is further being driven by the increasing prevalence of long-term diseases, a worldwide aging population, and the rising incorporation of modern technologies. The advancement and adoption of modern imaging technologies, involving AI and cloud-driven systems, are improving diagnostic precision and effectiveness. Major investors include large institutional investment organizations, venture capital (VC) companies specializing in medical care and deep tech, and the large original equipment manufacturers (OEMs) themselves, who spend on R&D and major acquisitions.

Impact on the Medical Equipment Maintenance Market

The global medical equipment maintenance market size is calculated at USD 63.50 billion in 2025 and is predicted to increase from USD 70.29 billion in 2026 to approximately USD 169.42 billion by 2035, expanding at a CAGR of 10.31% from 2026 to 2035.

According to Precedence Research, the rising prevalence of diseases leading to higher diagnostic rates and rising demand for refurbished medical equipment are the primary factors leading to the growth of the medical equipment maintenance market. The rapidly growing medical equipment industries in developed regions are significantly boosting the demand for medical equipment maintenance.

AI is also further helping to revolutionize the upkeep of medical devices by applying predictive maintenance, downtime reduction, and breakdown prevention through real-time IoT data analytics. Early fault detection via machine learning algorithms boosts safety and prolongs asset life. It raises the level of efficiency by means of automation, support from virtual technicians, and data-driven decision-making in asset planning. Digital twins are also being used to mimic device behavior for advanced diagnostics, thus helping healthcare facilities to improve performance, reduce costs, and ensure the availability of equipment.

Expert Opinion

• 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.”