The investment will help bolster the out-of-hospital care segment in the country
HCAH (HealthCare atHOME) has raised Rs 112 crore from ABC World Asia (“ABC”), a Singapore based impact-focused private equity fund, to help build out of hospital healthcare delivery platform.
HCAH will use this investment to build its presence in the (i) Physical rehabilitation and recovery through its service range of home ICU, inpatient rehab in transition care centers, digital and home rehab; and rehab equipment (ii) Elderly care services including long term nursing, palliative and attendant care services (iii) Chronic disease management services including screening, diagnostics, patient support, adherence programs in association with leading pharma companies. All these services are delivered through HCAH’s proprietary technology platform in homes, centers and digitally. HCAH is backed by Burman family, Quadria Capital and Founders of Healthcare at Home UK.
Vivek Srivastava, Co-Founder and CEO, HCAH said, “The investment from ABC is a significant step for the out-of-hospital care segment in India and will allow HCAH to build 1,500 beds in transition care and long-term care focused on physical rehabilitation and recovery, and long-term care for elderly. HCAH will invest in its technology and data capabilities to improve efficiency, build scale and develop better products. HCAH will be well capitalised and be keen to find acquisitions to accelerate its mission.”
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