# Molbio Diagnostics acquires 70% stake in Prognosys Medical Systems

Molbio Diagnostics has acquired a 70% stake in Bengaluru-based Prognosys Medical Systems, a manufacturer of digital X-ray units and C-arms under the PRORAD brand.

- Type: Acquisition
- Announced: 2023-02-21
- Where: Bengaluru, India
- Status: announced
- Products: digital X-ray units, C-arms, digital health platform
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Molbio Diagnostics Private Limited](https://endata.com/companies/61153.md) (acquirer)
- [Prognosys Medical Systems](https://endata.com/companies/68661.md) (target)

## Sources

- [indiamedtoday.com](https://indiamedtoday.com/molbio-diagnostics-acquires-majority-stake-in-prognosys-medical-systems/), 2023-02-21: "The majority acquisition of Prognosys Medical Systems is yet another step in this direction and helps us expand our 'Universal Access' portfolio"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.