Cyrix Healthcare: PE fund Somerset picks up minority stake in Cyrix Healthcare for Rs 140 crore

Healthcare-focussed PE firm Somerset Indus Capital has picked up a minority stake in Kochi-based healthcare solutions provider Cyrix Healthcare for Rs 140 crore.

The transaction involved both primary and secondary capital. While some investment has gone to the company to aid its expansion, the transaction also saw promoters selling a small part of their stake to the PE firm, according to sources briefed on the subject.

The 20-year-old Cyrix Healthcare, founded by Ajithkumar and Joy K. John, with a pan-India footprint, is one of India’s leading providers of maintenance and service solutions for medical equipment. It operates in eight Indian states and has an established presence in the Middle East across Kuwait, Saudi Arabia, and UAE. With a team of 1,000 plus trained biomedical engineers, the company serves private hospitals, clinics, nursing homes, and diagnostic centres, sources added.

The transaction is expected to enhance Cyrix’s footprint in the equipment servicing space in the public as well as private healthcare infrastructure sector, they said.

Advay Capital Advisors were the financial advisors to Cyrix and its promoters on the transaction. The Chennai-headquartered investment bank has advised on about 80 transactions with a combined value of around $ 7.5 billion.

Office Productivity

Mastering Microsoft Office: Word, Excel, PowerPoint, and 365

By – Metla Sudha Sekhar, IT Specialist and Developer
Soft Skills

Cross-Cultural Communication Mastery: Connect with Confidence

By – Prince Patni, Software Developer (BI, Data Science)
Artificial Intelligence(AI)

Tabnine AI Masterclass: Optimize Your Coding Efficiency

By – Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)

AI and Analytics based Business Strategy

By – Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI
Strategy

Succession Planning Masterclass

By – Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd.
Marketing

Digital Marketing Masterclass by Pam Moore

By – Pam Moore, Digital Transformation and Social Media Expert
Finance

Value and Valuation Masterclass

By – CA Himanshu Jain, Ex McKinsey, Moody’s, and PwC, Co – founder, The WallStreet School
Artificial Intelligence(AI)

Collaborative AI Foundations: Working Smarter with Machines

By – Prince Patni, Software Developer (BI, Data Science)
Design

Canva Magic Write: Ideas to Stunning Slides in No Time

By – Prince Patni, Software Developer (BI, Data Science)
Data Science

MySQL for Beginners: Learn Data Science and Analytics Skills

By – Metla Sudha Sekhar, IT Specialist and Developer
Web Development

JavaScript Essentials: Unlock AI-Driven Insights with ChatGPT

By – Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)

AI for Everyone: Understanding and Applying the Basics on Artificial Intelligence

By – Ritesh Vajariya, Generative AI Expert
Legal

Complete Guide to AI Governance and Compliance

By – Prince Patni, Software Developer (BI, Data Science)
Web Development

Django & PostgreSQL Mastery: Build Professional Web Applications

By – Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)

AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills

By – Metla Sudha Sekhar, IT Specialist and Developer
Web Development

Advanced C++ Mastery: OOPs and Template Techniques

By – Metla Sudha Sekhar, IT Specialist and Developer
Finance

Financial Literacy i.e Lets Crack the Billionaire Code

By – CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator
Entrepreneurship

Validating Your Startup Idea: Steps to Ensure Market Fit

By – Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience
Artificial Intelligence(AI)

Master in Python Language Quickly Using the ChatGPT Open AI

By – Metla Sudha Sekhar, IT Specialist and Developer
Entrepreneurship

Building Your Winning Startup Team: Key Strategies for Success

By – Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience
Web Development

Advanced Java Mastery: Object-Oriented Programming Techniques

By – Metla Sudha Sekhar, IT Specialist and Developer
Web Development

Maximizing Developer Productivity: The Pomodoro Technique in Practice

By – Prince Patni, Software Developer (BI, Data Science)
Office Productivity

Advanced Excel Course – Financial Calculations & Excel Made Easy

By – Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant
Marketing

Modern Marketing Masterclass by Seth Godin

By – Seth Godin, Former dot com Business Executive and Best Selling Author