Chennai-based healthcare ecommerce portal Netmeds announced on Monday that it has acquired clinic management platform KiViHealth in a cash and stock deal. According to the press release, Netmeds will invest close to $10 million to integrate and grow KiViHealth.
Pradeep Dadha, Founder and CEO of Netmeds, said in a press statement:
"We continue to develop a well-rounded healthcare ecosystem around Netmeds. The acquisition of KiViHealth is an example of an innovative, technology-powered, next-generation health care application that caters to the needs of modern-day doctor. With this acquisition, Netmeds.com adds to the portfolio of technology driven solutions as its transforms the brand into a complete healthcare product and service company."
Dadha Pharma-promoted Netmeds has so far served more than 3.7 million customers in more than 610 Indian towns and cities.
In September last year, Netmeds announced the acquisition of telemedicine portal JustDoc in a stock-and-cash deal. With the acquisition, Netmeds entered the diagnostic and consultation segment.
KiViHealth is a cloud-based and Aritificial Intelligence (AI) powered clinic management platform. It has developed a digital prescription pad tool that allows doctors to generate digital prescriptions. The platform currently manages over two million patient records, and provides services to more than 2,000 doctors. On the acquisition by Netmeds, Bhanu Mahajan, Co-founder of KiViHealth said,
"KiViHealth has been well-received by the medical community which has embraced this new-age doctor/patient collaboration tool. Netmeds.com is the perfect partner to help us achieve the scale that we believe is within our grasp."
KiViHealth also uses AI, automation and visual aids to create a healthcare management information system and an online clinic. It is currently enrolled with over 3,100 hospitals and health centres. Rajandeep Singh, Co-founder of KiviHealth said,
"Being under the aegis of one of the most trusted brands in e-healthcare space will inspire a greater level of confidence, accelerate our growth and help us achieve our vision of being a universal digital healthcare management platform."