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Portea Medical acquires Health Mantra to expand offerings

Portea Medical has acquired Health Mantra, a company which offers home healthcare equipment and services for sleep apnea and respiratory disorder patients, for an undisclosed cash and stock amount. The acquisition will let Portea strengthen its offerings in sleep medicine, respiratory care, geriatric care and orthopedics. Health Mantra was founded by Ashish Bhutada and Anoop Kodoli in 2009 in Bangalore and currently has offices in Chennai, Hyderabad, Calicut and Pune. It has over 40 biomedical engineers, physiotherapists and service staff, and also provides respiratory/oxygen equipment and supplies to hospital ICUs. In a press statement, Bhutada said, “Our alignment with Portea provides us a wider canvas to expand our operations across product lines and locations.” PSTakeCare stake: In January, Portea acquired a majority stake in doctor aggregator platform PSTakeCare in an all cash deal. Post this deal, PSTakeCare would expand its services from few areas of Mumbai to other metro cities and remain as a separate entity. The platform lets users search for doctors nearby based on the service/speciality, hospital or doctor name and book an appointment. MedybizPharma acquisition: In November 2015, Portea acquired MedybizPharma for an undisclosed amount in an all cash and stock deal. The company said then that the acquisition would help it establish a specialised pharma arm to deliver care to patients with chronic conditions. Portea funding: In September 2015, Portea raised $37.5 million in a Series B round of funding led by existing and new investors. At the time the company mentioned it would use the…

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

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