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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), provides subscription-based main healthcare companies, together with phone and video consultations and supply of medicines, blood checks and different residence healthcare merchandise throughout 38 Indian cities.
In line with a press launch, MediBuddy will soak up IHO’s present administration group and workers and by the second half of the yr, vHealth by Aetna might 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 stated, is according to its mission “to make healthcare accessible to a billion individuals.” It’ll 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 charge of development prior to now, and with the experience of the present group and MediBuddy’s current strengths, we anticipate the mixed enterprise to develop considerably over the approaching years,” stated MediBuddy CEO and co-founder Satish Kannan.
THE LARGER TREND
Different Indian well being tech corporations have taken the acquisition route to remain afloat amid a gruelling enterprise atmosphere through the pandemic whereas additionally trying to increase 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 cellular well being platform Lybrate, making its foray into main care. One other firm, Phablecare, simply added diabetes administration to its continual illness administration portfolio because it purchased the Sort 1 Diabetes-focused health platform Fused Coaching.
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