Health-tech company HealthCare atHOME (HCAH) has raised Rs 112 crore from ABC World Asia (“ABC”), a Singapore based impact-focused private value fund. HCAH is supported by Burman family, Quadria Capital and Founders of Healthcare at Home UK. HCAH will utilize this investment to fabricate its quality in the physical rehabilitation and recuperation through its service scope of Home ICU, Inpatient recovery in transition care centers, digital and home rehab; and rehab hardware, elderly care services including long haul nursing, palliative and attendant care services and Chronic Disease Management services including screening, diagnostics, patient help, adherence programs in association with leading pharma organizations.
Vivek Srivastava, Co-Founder and CEO, HCAH said, “The out-of-hospital care model is witnessing rapid growth as more and more countries are leveraging the model to deliver best in class health outcomes, and quality of life. Our solution delivers better outcomes at a lower cost, while increasing access by the use of data and technology.”
All these services are delivered through HCAH’s proprietary technology platform in homes, centers and digitally.
“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,” added Srivastava.
Sugandhi Matta, Chief Impact Officer, ABC said, “By providing quality out-of-hospital care to patients at home, HCAH contributes to the quality and access of health services by ensuring the continuum of care while easing the burden on the existing healthcare system.The COVID-19 pandemic has further highlighted the need to augment the conventional hospital-centric healthcare model with convenient and clinically focused care outside of the hospital. We look forward to supporting HCAH as it continues on its mission to enhance access and quality of healthcare in India.”
HCAH has handled nearly 1,000,000 patients with almost 97% recovery rate during the pandemic and worked closely with the Government of Delhi, Punjab and Karnataka to deliver services at scale, said the company in a statement.
Gaurav Burman, Managing Partner, Burman Family Holdings said, “The total “Out of Hospital Care” addressable market in India is estimated at $35 billion and is forecasted to grow to $ 85 billion by 2025. We founded HCAH nearly a decade ago to address this opportunity and remain confident that HCAH is the best team with the best platform in India to address this opportunity. We are delighted that ABC have joined us as partners and investors in HCAH, we shall look forward to benefiting from their expertise and guidance.”
Check the latest news about business news section for best information.