- In November 2024, Bangalore-based hospital chain Aster DM Healthcare and U.S.-based private equity firm Blackstone-owned Quality Care India reached the final stages of a merger, with Blackstone anticipated to acquire a majority stake in the merged entity. This strategic move is expected to create a major healthcare conglomerate in India, significantly broadening the operational scale and service capabilities of both entities. This merger is poised to transform the Indian healthcare landscape by enhancing accessibility and integrated care
- In May 2024, Kites Senior Care, a geriatric care service provider, raised USD 5.33 million in a Series A funding round led by Ranjan Pai, chairman of Manipal Education and Medical Group (MEMG). The company plans to utilize the funds to strengthen its presence in Hyderabad, Bengaluru, and Chennai, and to expand into three new cities across Southern India. This funding marks a pivotal step in Kites' mission to scale elderly care services in underserved urban markets
- In January 2023, Genesis Healthcare Inc. revealed plans to add 34 nursing homes in Pennsylvania as part of its expansion strategy. This move is expected to significantly enhance the company’s market share and boost overall revenue through broader regional coverage. This expansion reinforces Genesis Healthcare’s commitment to meeting increasing demand for elder care in the U.S.
- In March 2022, Ping An Insurance Company of China, Ltd., through its subsidiary Ping An Life, launched personalized home-based elderly care services. By integrating Ping An’s healthcare ecosystem and elderly care assets, the initiative provides comprehensive “one-stop” services paired with insurance protection for seniors. This service innovation aims to deliver accessible, affordable, and professional care solutions for China’s aging population
- In June 2021, Healthforce and Webrock Ventures announced a partnership to roll out telehealth services in South Africa, including scheduled and on-demand virtual consultations with healthcare professionals. This initiative was backed by a USD 3 million pre-Series A funding round. This venture is set to increase healthcare accessibility and modernize medical consultations in emerging African markets
