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

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Priyal Shah

Priyal Shah is a graduate of Media from Mithibai College, Mumbai. She is a writer, researcher and avid reader.

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