Portea Medical Acquires Majority Stake In PSTakeCare

Bangalore-based home healthcare firm, Portea Medical, has picked up a majority stake in PSTakeCare, a health-tech startup which connects key stakeholders in the healthcare delivery ecosystem. The financial terms of the deal has been left disclosed.

Started in March 2015 by Pratik Chinchole, Rahil Momin, Anup Raaj and Shirin Shinde, PSTakeCare, through its combination of comprehensive information, analytics and consumer feedback, places decision-making power in the hands of patients.

PSTakeCare’s technology equips healthcare consumers with relevant knowledge on doctors, hospitals and other healthcare service providers enabling consumers to take healthcare decisions based on factors such as insurance coverage provided, procedure-specific feedback and room-wise costs.

Speaking on the development, Meena Ganesh, MD & CEO of Portea said, “PSTakeCare’s tech platform will help in better informed patients and enhanced transparency among healthcare service providers to remove ambiguity and opaqueness, and ultimately benefit the healthcare system across the board.”

Elaborating PSTakeCare’s plans, Pratik Chinchole, co-founder & CEO of PSTakeCare said, “We would like to become the first port-of-call for patients seeking information on doctors, hospitals and labs for any medical procedure. Going forward, we will continue to focus on building disruptive products in healthcare solving key patient needs through innovation. The solution was available to patients in a few areas in Mumbai and will soon launch in other metros during the course of this year.”

Health Vista India Pvt Ltd owned Portea, has staff of over 4000 who handles about 70,000 home visits a month across 24 cities in India. It works closely with hospitals, insurance companies and individuals who provide healthcare services in the home setting through network doctors, nurses, physiotherapists and nursing attendants. The company has 50+ hospitals as partners and a network of referring physicians all over India.

In September last year, Portea raised $37.5 Mn in its series B round of funding led by Accel Partners and other investors like IFC, Qualcomm Ventures and Ventureast.

Prior to this, Portea Medical acquired specialty pharmaceutical distributor, Medybiz Pharma for an undisclosed amount in an all cash and stock deal.

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