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Practo acquires Insta Health for $12 million, third such buy in six months

Online doctor discovery company Practo Technologies has acquired
hospital information management solution provider Insta Health Solutions for
$12 million, its third acquisition after fitness solutions firm FitHo and
product outsourcing firm Genii, in the past six months.

 

Online doctor discovery company Practo Technologies has acquired
hospital information management solution provider Insta Health Solutions for
$12 million, its third acquisition after fitness solutions firm FitHo and
product outsourcing firm Genii, in the past six months.

 

Image result for practo logo

 

The acquisition opens up an additional revenue stream for Practo and
helps the company expand its presence among hospitals. Practo at present
generates revenue from Practo Ray, a doctor-facing practice management software
sold as a subscription-based, software-as-a-service product, and Practo Reach,
a sponsored listing service for hospitals and clinics. Listing on Practo is
free for doctors, while the company does not charge consumers for searches.

 

With Insta Health Solutions on board, Practo now gets access to more
than 500 hospitals across 15 countries, including in South-east Asia, West Asia
and Africa, which use the company’s information management software.

 

Insta Health Solutions will continue to operate as a separate entity,
Practo said in a statement.

 

“Ray as a product is targeted towards individual practitioners while
Insta targets hospitals and chains of clinics, which are larger in nature. Both
the products have different focus and target audience,” said Shashank N D,
co-founder and chief executive at Practo. “Before Insta, we had Reach, which
was targeted at hospitals. With this acquisition, we will also have influence
over the software that the hospitals use.”

 

Practo claims to facilitate 10 million searches every month. There are
more than 200,000 doctors, 5,000 diagnostic centres and 10,000 hospitals listed
on its platform.

 

The acquisition comes amid Practo’s increasing focus on enterprises such
as hospitals, clinics and diagnostics centres. The firm’s acquisition of Genii
was primarily to strengthen its technology to roll out new products for
enterprises, while FitHo was aimed at making an entry into the preventive
healthcare segment by the end of the year.

 

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