Noida-based healthtech company HealthCare atHOME (HCAH) has acquired Hyderabad and Bengaluru-based SuVitas Holistic Healthcare for an undisclosed amount. Following this, SuVitas will become a 100% subsidiary of the HCAH, reported Mint. Further details were unavailable.
Started in 2012, HealthCare atHOME (HCAH) is a Noida-based startup that delivers healthcare services, including ICU, step-down beds, post-operative care, nursing, physiotherapy, attendant services, and elderly care.
“Since inception, we have catered to over 20 lakh patients, including about 10 lakh patients during the COVID time. Currently, we cater to about 1.5 lakh patients in a month. We have a presence in over 70 cities,” said Vivek Srivastava, co-founder & CEO, HCAH.
With SuVitas running centers at Bengaluru and Hyderabad, this acquisition will help the company scale across south India. And the company’s intent is to take this business to 1,500 beds in the next four to five years. “In revenue terms, we expect to move up from over Rs 100+ crore currently to about Rs 800-1,000 crore in the next four to five years using both organic and inorganic strategies,” added Vivek.
“We want to be the largest player in the chronic and pre and post-hospital care space in the country and effectively work as a hospital outside of the hospital though working in collaboration with the hospitals and doctors to provide a continuum of care to the patients,” added Srivastava.
Antra Bhargava, CEO – SuVitas, said transition care is that part of the healthcare industry that bridges tertiary and home health care. That is the precise reason why SuVitas was conceptualized. Given the obvious synergies and the HCAH vision for India, all at SuVitas are excited to merge with HCAH India.