GE Healthcare eyes acquisitions in India

Global healthcare equipment major GE Healthcare South Asia today said it would look at acquisition opportunities in the country as part of its plans to maintain a 13-14 per cent annual growth.

"As everyone knows, we have an appetite for acquisitions and would not look so much at revenues but rather at the technology that we stand to gain. But we are definitely open to look at companies that are ready to enter into a wedlock with us," GE President and CEO (South Asia) V Raja told PTI.

He, however, did not specify companies that it is targetting.

Though India, accounts for less than two per cent of the global revenues, GE is bullish on the Indian subcontinent. It clocked revenues of $500 million in 2008.

"There is a large market here and as the government increases its focus on the healthcare segment, a lot of opportunities are coming up," he said adding that despite the slump in the market, the company's growth will be in double digits.

"We have a diverse product portfolio which will offer us an edge," Raja said.

GE Healthcare provides healthcare equipments for ultrasound, X-Ray, patient monitors as well as foetal and infant care devices like incubators.