Healthtech startup Click2Clinic acquires home health care service agency for Rs 4 crore

Health technology startup Click2Clinic has acquired Home Health Care, an agency which offers home health care services in Bengaluru, for approximately Rs 4 crore in an all-stock deal. The startup, which is an aggregator of hospitals, clinics, diagnostics, pharmacy, ambulance services and allied health services, will deploy its technology and capitalize on the network created by this agency in Bengaluru.

“We valued the company at Rs 2 crore with a top line revenue of Rs 1 crore,” said Dr Sujeeth R. Punnam, chairman, Click2Clinic.

Founded by Punnam and Dr. Murali Bharadwaj in the United States, the company is now looking to raise $1 million for an aggressive expansion into Indian cities.

“We will continue to grow both organically and inorganically to accomplish our growth target,” said Vivek Reddy, chief operating officer, Click2Clinic. “Going forward we have drawn a definitive strategy to enter into 10 new cities in the next one year including plans to find new partners that will sync with our company’s growth objective.”

The company also forayed into Malaysian markets recently and plans to extend their presence in other countries including Vietnam, Sri Lanka and Bangladesh by the end of this year.

Click2Clinic, which has raised approximately Rs 6 crore in the past, also launched a health application Clinicopedia, which enables connects home health services and patients.