 "K Ganesh & Meena Ganesh")
"Portea is already present across several chronic disease areas and with the acquisition of Medybiz, we are adding a vital and powerful, specialized pharma arm to deliver better pharmacy care to patients with chronic conditions who have ongoing needs for medication," Meena Ganesh, managing director and chief executive officer, Portea Medical said in a statement.
The company is engaged in distribution, prescription refill, therapy compliance support for specialty medicines and provides patient assistance by improving access and increasing therapy compliance. The company services corporates, insurance companies, hospitals institutions and nursing homes and covers diabetes, cardiology, oncology, osteoarthritis, osteoporosis, rheumatoid arthritis, tuberculosis and neurology, among others.
MedybizPharma was started in 2009 and has served more than 200,000 patients. It has 200 employees and is present across 26 cities in India. The company was acquired from the Reliance ADA Group by its Management Team in 2011. Kewal Handa, a 30-year pharmaceutical industry veteran and formerly MD of Pfizer India, is the chairman of Medybiz.
"While diseases may respond to medicine, people respond to care, and chronic diseases in particular require specialized care over many years. We have always been committed to the best outcomes for patients and are therefore delighted with our alignment with Portea which will exponentially increase the impact we have on patients," said Handa.
Portea Medical handles more than 60,000 home visits a month across 24 cities in India. It had received $37.5 million in Series B funding from Accel, IFC, Qualcomm Ventures and Ventureast in September.
Portea focuses on general primary health care, post-hospitalisation care, chronic disease management and allied services such as diagnostics and medical equipment on hire thereby bringing the entire gamut of healthcare services to a patient's doorstep. The company works with hospitals, insurance companies and individuals to improve health outcomes by providing a continuity of care in the home setting through doctors, nurses, physiotherapists and nursing attendants employed by Portea. It has partnered with more than 50 hospitals and has a network of referring physicians all over India.
