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2015-02-25

Nightingales Home Health Services raises $40- $50 million for expansion

The company would have pan India presence in three to five years.

Nightingales Home Health Services has announced the investment of $40- $50 million to expand its home health services to 16 major cities in India, as reported by IANS.

“The company would have pan India presence in three to five years,” Nightingales CEO Lalit Pai told IANS.

The company claimed that for more than a decade, Nightingale has been delivering innovative cloud-based Electronic Health Record (EHR) and Practice Management solutions to healthcare organizations across the United States and Canada. The company’s goal is to uncomplicate the day-to-day challenges of healthcare providers.

Nightingale currently employs 400 people-nurses, health aides, therapists and paramedics, it is integrating technology, people and processes to provide services to people with chronic ailments.

“The current size of home health services sector in India is estimated to be $3-$4 billion and with the increasing chronic diseases the sector is expected to grow to $10 billion in five years,” said, Medwell Ventures co-founder Vishal Bali.

“The market size of the sector is $100 billion in the US and $25 billion in Japan. Our unique subscription-based models address the key issues of accessibility and affordability of healthcare services,” said another co-founder Farzaan Engineer.

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