In an all cash deal, HLM and Care24 will work in tandem to deepen the medical service offerings in India
Care24 has announced that it has been acquired by Human Life Management (HLM), a Japanese home medical support corporation. HLM, led by Yoshiki Sasaki has been a prime investor in Care24 from past 2 years and holds multiple businesses in healthcare and other sectors. Care24 will extend its service delivery and agile technology platform for HLM and will cater to the healthcare needs of the customers.
Post the acquisition, HLM and Care24 will closely work together to scale and strengthen medical service offerings in India and additionally expand to other southeast countries like Thailand, Vietnam, Indonesia using Yushoukai’s deep medical expertise and Care24’s superior software development and technology capabilities. HLM will also play a pivotal role in launching new medical offerings for Care24 in Indian market, like end of life care, critical care at home, family doctor subscription service, doctor on call, implementation of care plan and Training of doctors along with training materials. While Care24 will expand its service offerings across multiple states in India, HLM and Care24 will begin operations internationally under the label of “Care24 international”, in aforesaid countries through a JV with a local medical service provider.
HLM has been closely involved with Care24, for multiple projects across India and south-east and Africa, to make healthcare readily available at home. Human life management is part of SIPS groups which runs Home Medical Care in Japan providing critical care to 6000+ families through it’s partnered Yushoukai Medical Corporation.
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