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Netmeds buys KiViHealth for $10 million in cash and stock deal

Netmeds which is an e-pharmacy startup has now acquired the KiviHealth in both the cash and stock deal.

KiviHealth which is founded by the Indian School of Business Alumni, Bhanu Mahajan, and Rajandeep Singh in the year 2015. It is a clinic management platform and digital health information system with a proprietary digital prescription tool that allows the doctors to generate digital prescriptions.

The financial details of the deal remain undisclosed, but Netmeds founder and CEO Pradeep Dadha said Netmeds is investing around $10 Million to grow and integrate the KiviHealth business segment.

“Both doctors and consumers are critical to the healthcare value chain, and with this acquisition, we are getting closer to the healthcare service providers, and creating digital touch points in the ecosystem,” Dadha said. “The platform not only creates a digital patient health record repository with the digital prescription pad, but also powers day-to-day operations such as appointment booking, invoicing and medicine inventory management,” he added.

The Chennai based Netmeds, a licensed e-pharma portal enabling online purchase of the medications, hopes to integrate the KiviHealth capabilities with itself by the end of this year and is also looking to hire around 250 people in the coming 2 years.

Source: Netmeds

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