Strengthens offerings in sleep medicine, respiratory care, geriatric care and orthopaedics
Portea Medical has acquired home medical equipment service provider, Health Mantra India. The acquisition, which was made for an undisclosed consideration of cash and stock, expands Portea’s penetration into large home healthcare areas such as sleep medicine, respiratory care, geriatric care and orthopaedics.
Meena Ganesh, MD and CEO, Portea, said: “Portea is deeply committed to provide patients with convenient and affordable solutions for all their healthcare needs. Medical equipment is often an integral element of effective home healthcare especially in areas such as diabetes, oncology, orthopaedics, geriatric care, sleep and respiratory disorders. Our acquisition of Health Mantra augments Portea’s offering and underlines our customer focus.
Ashish Bhutada, Co-Founder, CEO and Managing Director, Heath Mantra, said, “Our alignment with Portea provides us a wider canvas to expand our operations across product lines and locations. We are already present across South India and Maharashtra, there is huge untapped demand in these markets as well as elsewhere in the country and we look forward to continuing to serve customers with patient-centric and holistic solutions.”