India’s Practo acquires hospital management platform Insta Health for $12M


India-based doctor search platform Practo has acquired healthcare management firm Insta Health for $12 million in a combination of stock and shares.

Practo operates a medical search portal that helps patients connect with doctors and clinics; also, the company offers a software solution for practices — Practo Ray — which manage the business side of things. With this acquisition, Practo is looking to expand the latter part of its business while pushing more clinics and doctors on its platform.

The acquisition will provide an option to hospitals using Insta’s product to integrate with Practo’s platform and thus provide a superior healthcare experience to patients by enabling them to search and easily find information about doctor availability across hospital and departments, instant bookings, as well as no wait times or queues once they reach the hospital for their appointment. Patients will also be able to access all their health records after their discharge on Practo; either on the web or on the mobile app.

This is Practo’s third acquisition this year, and the first time that it has disclosed a price. Beyond India, the company has expanded into Southeast Asia and plans further global launches. On the other hand, Insta Health has over 500 hospital and clinic clients from 15 countries across South East Asia, the Middle East and Africa, in addition to India.

Practo has closed its Series C round totaling $90 million in August; before that, they raised $30 million in February of this year.

[Via: TechCrunch]