Netmeds acquires health tech startup KiViHealth, to pump US$ 10mn
- PTI
- March 25, 2019
Mumbai: Online pharmacy Netmeds.com Monday said it has acquired health tech start-up KiViHealth in a cash and stock deal.
The company did not divulge the exact deal size but said it would invest close to USD 10 million for the acquisition as well as to integrate and grow KIVI Healthcare business segment in next two years.
KiViHealth is a clinic management platform providing cloud-based, AI-powered tools for effective doctor-patient interaction.
With enrolment of over 3,100 hospitals and health centres, KiVi Health manages over 2 million patient records and provides services to more than 2,000 doctors through its website and mobile app.
"We continue to develop a well-rounded healthcare eco-system around Netmeds. With this acquisition, Netmeds adds to the portfolio of technology driven solutions as it transforms the brand into a complete healthcare product and service company," Netmeds.com chief executive officer (CEO) Pradeep Dadha said.
Netmeds had acquired online video consultation app JustDoc last September venturing into healthcare services, diagnostics and consultation.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
Partners
