MediBuddy Nears Break-Even in FY24, Focuses on M&A
By Rediff Money Desk, NEWDELHI 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.
![MediBuddy Nears Break-Even in FY24, Focuses on M&A](https://im.rediff.com/money/2018/dec/04healthcare.jpg)
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.
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.
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