Elder Home care services, Is this start of new Sunrise Industry: Medwell Ventures Private Limited, a company jointly promoted by former CEO of @Fortis_Healthcare_L Vishal Bali and Ferzaan Engineer, chairman of Cytespace Research, a research-based company in the Healthcare domain, has acquired Bangalore-based Nightingales Home Health Services for an undisclosed amount. The deal marks the firms foray into specialty homecare. The company which had recently closed its first round of funding from its promoters plans to invest $15-20 Mn in scaling up this business. With over 18 of experience Nightingales currently provides 53000 patient bedside nursing days per annum, 24000 medical services per year and has more than 5000 families subscribing to its annual care plans. Post the acquisition, Medwell plans to expand the services of Nightingales with a Speciality Home Healthcare focus on Pulmonology, Cardiology, Metabolic diseases, Neurological health, Orthopedics, Geriatrics, Rehabilitation and Post-Operative Surgical site management.
Posted on: Thu, 05 Jun 2014 08:39:23 +0000