Portea Medical picks up majority stake in PSTakeCare

Home healthcare provider Portea Medical has picked up a majority stake in health-technology start-up, PSTakeCare, for an undisclosed amount.
Portea MD and CEO Meena Ganesh, in a statement today, said: "Portea is very pleased to underline our commitment to enhancing healthcare in India via this investment in PSTakeCare."
She added: "Better-informed patients and enhanced transparency among healthcare service providers will remove ambiguity and opaqueness, and ultimately benefit healthcare across the board."
PSTakeCare provides healthcare consumers with knowledge on doctors, hospitals and other healthcare service providers.
"Going forward, we will continue to focus on building disruptive products in healthcare and solving key patient needs through innovation. With Portea, we have the right platform to rapidly scale the business," PSTakeCare co-founder and CEO Pratik Chinchole said.

"Better informed patients and enhanced transparency among

healthcare service providers will remove ambiguity and opaqueness, and ultimately benefit the healthcare system across the board. We look forward to further empowering healthcare consumers in India," she added.
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. In addition, the platform also presents actual photographs of medical facilities and will use advanced analytics and consumer feedback to provide comprehensive information to patients.
Portea is also exploring other investments as the company

expands its offerings to tackle the massive challenges brought on by India's ageing population, the rising burden of NCDs (non-communicable diseases) - which already lead to 53% of all deaths and which are expected to account for 67% of deaths by 2030 (Source: Public Health Foundation of India), and the huge gaps in healthcare infrastructure.
Portea employs more than 4000 staff and handles in excess of 70,000 home visits a month across 24 cities in India. The company focuses on general primary health care, post- hospitalization care, chronic disease management and allied services such as diagnostics and medical equipment on hire, thereby bringing the entire gamut of healthcare services to a patient's doorstep. Portea works closely with hospitals, insurance companies and individuals to improve health outcomes by providing a continuity of care in the home setting through doctors, nurses, physiotherapists and nursing attendants employed by the company.