India, Dec. 15 -- image credit- freepik

Bengaluru-based Healthium Medtech is acquiring a controlling stake in Paramount Surgimed, one of India's largest manufacturers and exporters of surgical blades, scalpels and dermal biopsy products. The non-surgical business of Paramount, including its lifestyle and hygiene business will be carved out prior to the transaction and retained with the Grover family.

With this move, Healthium will expand its specialised presence in the surgical consumables segment, where Paramount's blades and dermal biopsy categories represent a logical extension of its existing business line. This alignment creates a two-way synergy, allowing Healthium to broaden the range of solutions it offers while enabling both or...