Geri Care Health Services, India's leading integrated senior citizen healthcare provider, has secured INR 110 crore in funding from InvAscent, a private equity investor focused on healthcare and life sciences. This investment will fuel Geri Care's expansion across key cities in Southern India, including Bengaluru, Hyderabad, Kochi, and Coimbatore.
Geri Care, founded by renowned geriatrician Dr. Lakshmipathy Ramesh, offers a comprehensive 360-degree continuum care model for senior citizens, encompassing multi-specialty hospitals, assisted living centers, home care, and clinics. The company plans to launch new assisted living facilities in Bengaluru and Chennai, and establish specialized centers of excellence in Geriatric Oncology, Urology, Cardiology, and Ortho-Geriatrics.
"At Geri Care, we strive to make best-in-class Geriatric Care accessible to our senior community and their families, and to enhance the quality of their life, promote independence, well-being and dignity," said Dr. Ramesh. "This investment will enable us to expand our services and reach more seniors in need of specialized healthcare."
InvAscent's investment highlights the growing demand for specialized eldercare services in India. The company aims to support Geri Care's expansion plans and enhance its capabilities to address the growing needs of the elderly population.