Singapore-headquartered healthtech company Doctor Anywhere (DA) has acquired Catalist-listed integrated healthcare provider Asian Healthcare Specialists (SGX:1J3).
Asian Healthcare Specialists (AHS) is a group of 14 medical specialists with a patient-first approach and vision to make specialised care accessible to all. Its 12 specialist clinics across multidisciplinary specialities comprise orthopaedics, ophthalmology, dermatology, urology, gastroenterology, otorhinolaryngology, anaesthesia, family medicine and rehabilitation.
A statement said the acquisition will enable Doctor Anywhere to deliver more holistic healthcare and meet the rising demand for complex, specialised treatment across Southeast Asia.
Doctor Anywhere has also announced a US$38.8 million Series C1 financing round led by international life science investor Novo Holdings. Existing shareholders also participated, including Asia Partners, Kamet Capital, Square Peg, IHH Healthcare, EDBI, and OSK-SBI Venture Partners.
The funding will be used to accelerate growth and partly fund the acquisition of AHS.
Also Read: How telehealth startup Doctor Anywhere stepped up to the COVID-19 challenge
The latest round comes just over a year after Doctor Anywhere raised a US$65.7 million Series C. This brings the total capital raised by the firm to nearly US$140 million.
“With consumers across the region seeking higher quality and more personalised care, acquiring AHS strengthens our capabilities beyond our successful primary care services. This will enable us to deliver more integrated, holistic care and greater value for our users,” said Lim Wai Mun, Founder and CEO of Doctor Anywhere.
“We continue looking for synergistic opportunities and targeted acquisitions of critical healthcare assets across the region,” added Wai Mun.
Launched in 2017, Doctor Anywhere is an omnichannel healthcare company that aims to make healthcare accessible and efficient for everyone. Its digital platform bridges gaps in the healthcare ecosystem through technology and innovation, enabling users to manage their health effectively through its mobile app.
In November 2021, Doctor Anywhere acquired the Thai telemedicine platform Doctor Raksa to deepen its presence in the Kingdom by expanding its medication delivery services.
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