Medical Equipment News

Mangalore Refinery and Petrochemicals Limited (MRPL) of India donated medical equipment worth Rs 11.5 to Lady Goschen hospital in India this month.

This donation is part of MRPL’s ongoing commitment to addressing the needs of this local hospital. The medical equipment that comprises this donation includes a fetal monitor, a pulse oximeter, a multi-parameter monitor, a surgical table, exam lights, and other hospital equipment.

MRPL has reserved Rs 3.5 to fulfill its corporate social responsibility. The company has committed these funds to refurbish the kitchen facility, donate additional pediatric and infant care equipment, and provide scholarships for students.

Criticare Systems Inc., the US-based manufacturer of medical equipment, has signed a definitive agreement to be purchased by leading Indian medical equipment manufacturer Opto Circuits for $70 million in an all-cash deal.

Criticare manufactures vital signs monitors, anesthesia gas monitors, and pulse oximeters for the global market.

OCL is a manufacturer of medical electronics, including optical sensors, security systems and optoelectronic equipment. The company also designs optoelectronic devices.

“The acquisition will expand our presence in patient monitoring since Criticare is known for high-quality innovative products and services. The transaction will open global markets for Criticare’s products and enhance our product offering in the US,” Opto Circuits managing director Vinod Ramnani told IANS here.

Post-merger, Criticare will become a wholly owned subsidiary of Opto Circuits, which intends to fund the acquisition through a third party.

At the request of Health Minister Nimal Siripala de Silva through President Mahinda Rajapaksa, the Australian Government has agreed to provide medical equipment valued at Rs. 1,120 million to 19 Sri Lankan hospitals.

Under this agreement, the hospital equipment provided will include x-ray machines, ventilators, and other medical diagnostic equipment.

A Cabinet approval has been granted for obtaining this medical equipment, and another agreement in connection with this will be signed at the Finance Ministry. The shipment of medical equipment will be delivered to the hospitals before the end of 2008.