MediBuddy Nears Break-Even in FY24, Focuses on M&A
Apr 17, 2024 19:21
MediBuddy, a digital healthcare platform, reports a marginal loss in FY24, nearing break-even. The company plans to explore M&A opportunities in key healthcare areas.
New Delhi, Apr 17 (PTI) Digital healthcare platform MediBuddy on Wednesday said it is reaching break-even point as it recorded a marginal loss in FY24.
This will further strengthen the company's position as the country's fastest-growing digital healthcare company, it said in a statement.
The platform's focus is now on exploring M&A (merger & acquisition) opportunities in key healthcare areas such as chronic disease management, mental health, diabetes, women's care, and weight management, backed by a USD 18 million capital pool dedicated to these investments, it added.
"By leveraging technology, the platform enhances doctor-patient interactions. This commitment to innovation is fuelling our remarkable growth and expanding healthcare access nationwide," MediBuddy Co-founder and CEO Satish Kannan said.
The platform has a network of over 90,000 doctors and over 7,100 hospitals across the country.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.