Add-on Acquisition • Healthcare Services

HCAH Acquires Medwell Ventures

On April 25, 2023, HCAH acquired healthcare services company Medwell Ventures from Eight Roads

Acquisition Context
  • This is HCAH’s 1st transaction in the Healthcare Services sector.
  • This is HCAH’s 1st transaction in India.

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M&A Deal Summary

Date April 25, 2023
Target Medwell Ventures
Sector Healthcare Services
Buyer(s) HCAH
Sellers(s) Eight Roads
Deal Type Add-on Acquisition

Target Company

Medwell Ventures

Bangalore, India
Medwell Ventures provides specialty home healthcare services in India. It focuses on various therapeutic areas. The company offers various wellness and care programs ranging from preventive screening to home healthcare and palliative care. It provides bedside nursing care at home, as well as 24×7 medical services, such as physician consultation, nursing care, laboratory sample collection and reporting, physiotherapy, medical devices, ambulance services, pharmacy support, and related medical services. Medwell Ventures was founded in 2014 and is based in Bangalore, Karnataka.
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Buyer Overview 1

Buyer

HCAH

Noida, India

Category Company
Founded 2012
Sector Healthcare Services
DESCRIPTION

HCAH provides healthcare delivery services and pharmaceutical services. In healthcare delivery services, the company offers high skill services such as ICU care, post-surgical care, and specialized nursing care at home to patients, as well as basic services such as physiotherapy and diagnostics. It also provides complex drug infusion and drug administration services for pharmaceutical companies. HCAH was founded in 2012 and is based in Noida, Uttar Pradesh.


Deal Context for Buyer #
Overall 1 of 1
Sector: Healthcare Services 1 of 1
Type: Add-on Acquisition 1 of 1
Country: India 1 of 1
Year: 2023 1 of 1

Seller Profile 1

SELLER

Eight Roads

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1969
PE ASSETS 11.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Eight Roads is a private investment firm focused on a variety of investment opportunities across the US, Europe, and Asia. The Firm is divided into several investment strategies including venture, principal investing, and real estate. Within the principal investments group, Eight Roads backs established growth businesses with long-term capital. Eight Roads does not have any sector preferences, but has experience in fintech, business services, and healthcare. Eight Roads is based in London.


Deal Context for Seller #
Overall 103 of 124
Sector: Healthcare Services 4 of 5
Type: Add-on Acquisition 47 of 59
Country: India 7 of 12
Year: 2023 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-24 Adcentrx Therapeutics

San Diego, California, United States

Adcentrx Therapeutics is a biotechnology company focused on accelerating breakthroughs in protein conjugate therapeutic development for cancer and other life-threatening diseases. Adcentrx Therapeutics was founded in 2021 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-30 FrontRow

Bengaluru, India

FrontRow is a learning and community platform focused on creative arts and sports that enables everyone to pursue their passions. FrontRow offers classes taught by celebrities in fields such as music, cricket or comedy, paired with a community platform that gives learners regular activities, competitions and peer engagement to practice and showcase their talent. FrontRow was founded in 2020 and is based in Bengaluru, Karnataka.

Sell -