16th May, 2018 | ET Bureau
CHENNAI: Nightingales Home Health Services has been growing at a CAGR of 55% in the last four years said Vishal Bali Co-founder & Chairman of Medwell Ventures, which operates the company. Medwell Ventures was started by Vishal Bali, former group CEO of Fortis HealthcareNSE 4.36 % in 2014 and the company acquired Nightingales, then a Bengaluru based company in the same year.
“I see this kind of growth continuing as the first three years were more as our investment years, we have picked up enough capital and created a model. We are creating a professional team at the top deck. We are also looking at inorganic opportunities for growth,” said Bali. Bali also holds the position of Asia Head – Healthcare, TPG Growth, a leading global private equity organisation.
The speciality home healthcare service delivery recently established a unit in Chennai. Narasimha Jaykumar, CEO, Nightingales said, “Chronic diseases are a key healthcare issue in Chennai with a high re-hospitalisation rate...With more than 60% of hospital beds currently present in central Chennai we see post hospitalisation care as an integral offering from Nightingales.”
Co-founder Bali said stroke management at home which requires a combination of interdisciplinary medical care services will be a key growth area for the company, followed by Chronic obstructive pulmonary disease related care and diabetes management. He expects the home healthcare care segment to grow from a $2 billion market opportunity in 2014 to $6 billion by 2020 in India.
Nightingales has been in the home health sector since 1996 in Bangalore. Post the acquisition of the company by Medwell it forayed into the specialty home healthcare services in segments like pulmonology, cardiology, neurology, metabolic diseases, orthopaedics, geriatrics care and post-operative rehabilitation.
In May 2015, Eight Roads Ventures funded $10 million in a Series A round in Medwell Ventures. A series B-round of $ 21million followed in 2017 by Mahindra Partners. The company has overall raised about $35 million across its seed, series A, and series B rounds
The findings were that 80% neurologists perceive home rehabilitation to be a feasible option for their stroke patients. BENGALURU: A Bengaluru-base
Narasimha Jayakumar, 44, has joined Medwell Ventures Private Limited as its Chief Executive Officer, India.Prior to Medwell, Narasimha was the Chief B
With fasting hours stretching over 15 hours this year, Ramadan in summer is exceptionally challenging in India. From being wary about the type of food
CHENNAI: Nightingales Home Health Services, a Medwell Ventures company, announced its entry into Chennai. The team in the city has doctors, nurses, ph
Bengaluru: Nightingales Home Health Services, an enterprise of Medwell Ventures announced the appointment of Narasimha Jayakumar as their Chief Execut
Universal Health Care has become a fundamental principle guiding much of Public Policy and Healthcare Services in countries around the world. The basi
Bengaluru, April 5, 2018: Nightingales Home Health Services, an enterprise of Medwell Ventures and a pioneer in specialty home healthcare in India, an
The most neglected part of our health is usually our teeth. Most of us are unlikely to visit a dentist until the problem is really serious. A nagging
Mumbai: One of every five patients in India suffers from the sleeping disorder, as per a study and about 20.3 per cent patients visiting docto
A Bangalore based study revealed that male versus female incidence is 2:1, i.e. men are at higher risk. With over 1.5 million cases of stroke reported
Medwell Ventures Private Limited, the operator of Nightingales specialty home healthcare services in India, has raised $21 million in Series B round l
Nightingales Home Health Services, a unit of the Bangalore-based home healthcare service delivery group Medwell Ventures, has entered Mumbai by openin
Hyderabad, November 27, 2015 : Nightingales Home Health Services (unit of Medwell Ventures) has announced the launch of its unique service of dentistr
Nightingales, the Speciality Home Healthcare Company of Medwell Ventures today announced the appointment of Gowtham Jayaram as Chief Technology O
Medwell Ventures Pvt. Ltd, a Bengaluru-based home healthcare start-up, has raised its Series A fund worth $10 million from Fidelity Growth Partners In
Need help? Get a call back from our support team