Digital well being firm MediBuddy has acquired the telehealth enterprise of US-based managed healthcare firm Aetna in India.
vHealth by Aetna, which is run by Aetna’s subsidiary Indian Well being Organisation (IHO), gives subscription-based major healthcare companies, together with phone and video consultations and supply of medicines, blood checks and different dwelling healthcare merchandise throughout 38 Indian cities.
In accordance with a press launch, MediBuddy will take up IHO’s present administration staff and staff and by the second half of the yr, vHealth by Aetna will likely be rebranded as MediBuddy vHealth.
WHY IT MATTERS
MediBuddy has been on a merger and acquisition spree since final yr. In December, it accomplished its merger with on-line physician session platform DocsApp. The corporate additionally acquired rural-focused telehealth platform Clinix in July.
Its newest acquisition, the corporate mentioned, is in keeping with its mission “to make healthcare accessible to a billion individuals.” It’s going to additionally assist scale its operations and choices to vHealth’s subscriber base. At current, MediBuddy has a shopper base of over 30 million.
“vHealth by Aetna has proven a powerful price of progress up to now, and with the experience of the present staff and MediBuddy’s present strengths, we count on the mixed enterprise to develop considerably over the approaching years,” mentioned MediBuddy CEO and co-founder Satish Kannan.
THE LARGER TREND
Different Indian well being tech firms have taken the acquisition route to remain afloat amid a gruelling enterprise setting in the course of the pandemic whereas additionally trying to develop their bases.
HCAH, for instance, has expanded to aged care with its acquisition of digital aged care platform Seniority. Secondary care platform Pristyn Care purchased the cell well being platform Lybrate, making its foray into major care. One other firm, Phablecare, simply added diabetes administration to its power illness administration portfolio because it purchased the Kind 1 Diabetes-focused health platform Fused Coaching.