Healthcare platform, Practo has announced the acquisition of Insta Health Solutions, provider of cutting edge end to end cloud based hospital information management solution (HIMS) for USD 12 million.
Shashank ND (Practo) with Ramesh Emani (Insta)
Insta Health founded in the year 2008, has presence in more than 15 countires which includes india, South East Asia, Middle East and Africa.
Insta Health Solution’s key customers are Cloudnine, Deepam Hospitals, MyDentist in India, DaVita in India and Malaysia, Skyline Hospital in Manila, NMC Group of hospitals in UAE, Karen Hospital in Kenya and many more.
Post acquisition, Insta Health will operate as a separate division and will continue to be led by Ramesh Emani, Founder & CEO of the company. As per the company, Insta’s product is to be integrated with Practo’s platform.
Insta is used by clinics (both standalone and chains), hospitals and diagnostic labs for automating their clinical, operational and financial processes such as scheduling, registration, out-patient and in- patient management, billing, electronic medical records (EMR), ward and bed management, diagnostics, advanced insurance and lab equipment integration, operation theatre, pharmacy and inventory management, specialty modules like dental, dialysis, IVF, Pediatrics and so on.
Last month, Practo raised funding of US$ 90 million from Sofina, Altimeter Capital, Google Capital, Sequoia Capital, Yuri Milner, Sequoia Capital and Matrix Partners.
In February this year, Practo raised US$ 30 million from Sequoia capital and Matrix partners and in June 2015, they acquired Mumbai based Genii.