HCAH raises Rs 112 crore from ABC World Asia

Health-tech startup HCAH (formerly HealthCare at HOME) raised Rs 112 crore from Singapore-based equity fund ABC World Asia.

Health-tech startup HCAH (formerly HealthCare at HOME) raised Rs 112 crore from Singapore-based equity fund ABC World Asia. HCAH will use the funds to build care services for the elderly. This will include long-term nursing, attendant services and chronic disease management services.

HCAH has impacted the life of 10 lakh patients with around 97% recovery rate during the tough time of the pandemic. The venture has closely worked with the governments of Delhi, Karnataka and Punjab by offering delivery services. The company expressed that the funds will be used to build an out-of-hospital healthcare delivery platform, including physical rehabilitation and recovery along with digital and home rehabilitation.

CEO and co-founder of HCAH, Vivek Srivastava, has said that the funding will be used to expand India's out-of-hospital care segment by building 1,500 beds that will focus on physical rehabilitation and recovery, especially for the elderly.

The venture is backed by the Burman family, Quadria Capital and Founders of Healthcare at Home UK. In 2017 they had raised Rs 2.5 billion from Quadria Capital. HCAH has made 2 acquisitions. In 2016 they acquired Health Impetus Pvt. Ltd. and later SuVitas in 2021. The former company provides financing services to patients and offers patient record management services. The latter hosts a chain of transition care rehabilitation centers that bridge the gap between hospital and home.

Tags : #HCAH #VivekSrivastava #SuVitas #HealthImpetus #ABCWorldAsia #QuadriaCapital #funding #fundingalert #smitakumar #medicircle

Related Stories

Loading Please wait...

-Advertisements-




Trending Now

Unlocking New Horizons: Gene Therapies for Hearing Loss and BlindnessMay 10, 2024
Kerala Health Alert: West Nile Fever Cases Confirmed in Thrissur, Malappuram, and KozhikodeMay 10, 2024
Managing Health in the Heat: Demand for Medications Surges in IndiaMay 10, 2024
Sudhamukti Ayurvedic Medicine by OJSP: A New Era in Diabetes ManagementMay 10, 2024
The Role of Genetic Profiles in Alzheimer’s Therapy: APOE4 and Treatment ResponsesMay 08, 2024
Assessing Covishield Safety: Indian Research Offers Reassurance Amidst Rare Side Effect DiscussionsMay 08, 2024
Quadria Capital Invests $102 Million in NephroPlus to Boost Dialysis Services Across AsiaMay 08, 2024
Reducing Stigma, One Story at a Time: Media's Role in Mental HealthMay 07, 2024
When Your Body Makes Beer: Exploring the Curious Case of Auto-Brewery SyndromeMay 07, 2024
Hair Today, Gone Tomorrow: Why Guys Go Bald Before Marriage May 07, 2024
Menopausal Transitions and Mental Health: UCL Study Highlights Increased Depression RiskMay 07, 2024
Vasavi Club of Buddhapurnima organised #GoVote, a vote awareness driveMay 06, 2024
Vasavi Club of Buddhapurnima organised #GoVote, a vote awareness driveMay 06, 2024
Harnessing AI for Early Alzheimer's Disease Diagnosis: IIT Indore's BreakthroughMay 06, 2024
Aurobindo Pharma's Bhiwadi Facility Under FDA Scrutiny: Understanding the ObservationsMay 06, 2024
Exploring the Role of Mediator Protein Complex in Cell Division: Implications for Disease ManagementMay 06, 2024
Akshay Tritiya Parna Mahotsav is to be held in the cityMay 04, 2024
Bharti Singh's Battle with Gallstones: Symptoms, Precautions, and Natural RemediesMay 04, 2024
Empowering Women's Health: New Mammogram GuidelinesMay 04, 2024
Rising Temperatures, Rising Risks: Addressing the Challenges of Heat StressMay 04, 2024