 "Practo closes 5th acquisition in 2 years in massive enterprise push")
Online healthcare platform Practo has acquired Bangalore-based analytics firm Enlightiks in a stock and cash deal. The acquisition will let Practo provide hospitals with accurate predictions on profit and loss and user behaviour, as well as billing systems, besides the day-to-day management tool it currently provides.
The 50-odd engineers at Enlightiks will be absorbed into Practo to form the Analytics Business Unit, which will be headed by co-founder and CEO of the acquired startup, Vamsi Chandra Kasivajjala. Practo declined to share the deal size when Tech in Asia asked.
Practo claims to aggregate over 200,000 doctors, across a network of 10,000 hospitals, 8,000 diagnostic centers, and 4,000 wellness and fitness centers in India, Brazil, Philippines, Malaysia, Indonesia, and Singapore.
The five-year-old startup does everything from connecting patients to doctors, helping clinics manage their customers, and creating customised fitness digital products.
Enlightiks’ analytics solutions could be the piece that completes Practo’s enterprise puzzle.
Including Enlightiks, three of Practo’s five acquisitions in the last two years offer tech solutions for healthcare institutions.
Also Read
In September 2015, the healthcare startup acquired Insta Health Solutions, which provides cloud-based management of hospital information. Its software allows users to find information about doctor availability and make instant bookings.
Practo’s acquisition of Enlightiks is the logical next step in its long quest to reach out to healthcare enterprises. Enlightiks’ cloud-based platform Querent uses predictive and cognitive tools to compute business risks.