Medical device and technology provider Trivitron Healthcare has picked up minority stake in Mumbai-based Kiran Medical Systems, a player in the image enhancement and radiation protection space. The investment in Kiran combines a cash component and a stock swap. The agreement between the two companies also provides for Trivitron to increase its shareholding over the next few years. Kiran Medical, which manufactures cassettes, screens, grids, shields and computer radiography systems, has a 70,000 sq. ft manufacturing facility in Mumbai.
