UAE – Pulsar Capital has concluded the acquisition of a majority stake in TruDoc, a telehealth and virtual primary care provider based in the United Arab Emirates, for an undisclosed amount of funding.
In line with its commitment to value-based care and evidence-based medicine, TruDoc takes an innovative approach to ensure patients can proactively manage their health in the convenience of their own home.
Pulsar Capital is taking over the controlling stake in TruDoc with the vision to enhance its product offerings and accelerate its growth across South Asia, the Gulf Cooperation Council (GCC), and Africa.
Vish Narain, a Managing Partner of Pulsar Capital, will be assuming the new role of Executive Chairman of TruDoc under the terms of the acquisition deal.
On his part, Vish Narain said: “The acquisition of TruDoc represents our continued commitment to deliver quality care to patients with an emphasis on convenience, affordability and accessibility.”
With the successful acquisition by Pulsar Capital, TruDoc has a new focus on product offering, speedy expansion strategy and a continued mission to make healthcare accessible from the comfort of one’s home.
It is in harmony with the two companies’ shared goal to make health and wellness affordable and accessible to all people through innovative, and value-based solutions.
Under the latest private transaction, Pulsar Capital will increase its synergy with TruDoc to bring world-class health products and services closer to communities and households in the vast regions across South Asia, the GCC and Africa.
The strategic move comes about a year after Pulsar Capital made an initial investment to acquire TruDoc assets.
Pulsar Capital is a prominent regional private equity firm specializing in the healthcare, ecommerce and fintech sectors, in particular the Middle East and Indian markets.
In 2022, the private equity firm acquired a minority share in TruDoc before recently culminating into a larger investment in the company.
The latest investment marks a significant milestone in TruDoc’s mission to redefine healthcare delivery and expand its reach to benefit patients across multiple regions.
Commenting on decision-making process as the incoming Executive Chairman of TruDoc, Vish Narain stated: “Technology is going to significantly change the way primary care is going to be delivered.”
The strategic investment will help TruDoc to realize the objective of improving access to and affordability of innovative healthcare solutions across all geographic regions.
Since its inception in 2011, TruDoc has emerged as the trusted provider of around-the-clock access to licensed telemedicine close to one million paid subscribers in the United Arab Emirates and 2 million globally.
TruDoc has a team of dedicated medical professionals on hand who are dedicated to meeting each patient’s individual needs and providing tailored and comprehensive health care, which meets their specific medical requirements.
The leadership of Pulsar Capital will work closely with TruDoc’s team to deliver comprehensive end-to-end care for healthy individuals and people dealing with acute and chronic illnesses.
Under its new and upgraded leadership team, TruDoc inches a step closer to transforming the future of healthcare delivery.
Expressing his aspirations, Vish Narain underscored: “TruDoc has cutting-edge tools using the latest technology in electronic patient record management, home health, telemonitoring, wearables and generative Artificial Intelligence which will benefit our payors and end-consumers.”
For all the latest healthcare industry news from Africa and the World, subscribe to our NEWSLETTER, and YouTube Channel, follow us on Twitter and LinkedIn, and like us on Facebook.
