InvAscent invests in Geri Care to expand elderly healthcare services in India
Geri Care Health Services, India’s pioneering senior healthcare provider, has secured a ₹110 crore investment from InvAscent, a leading life sciences private equity firm. The investment, made through India Life Sciences Fund IV (ILSF IV), marks Geri Care’s first institutional fundraising round, setting the stage for significant expansion in geriatric healthcare services across South India.
With India’s elderly population growing rapidly, demand for comprehensive geriatric healthcare has never been higher. Geri Care has emerged as a trusted leader in integrated geriatric care, offering a 360-degree continuum care model that includes multi-speciality hospitals, home healthcare, assisted living centres, and geriatric clinics. The latest funding round aims to scale these services, reinforcing Geri Care’s position as a leading senior healthcare provider.
How will Geri Care utilise the ₹110 crore investment from InvAscent?
The ₹110 crore capital infusion from InvAscent will enable Geri Care to expand its footprint across key South Indian cities, including Bengaluru, Hyderabad, Kochi, and Coimbatore. As part of this strategic growth plan, the company is preparing to launch new assisted living facilities in Ulsoor, Bengaluru, and Velachery, Chennai, within the next quarter.
Additionally, Geri Care is developing speciality healthcare centres focused on geriatric oncology, geriatric urology, geriatric cardiology, and ortho-geriatrics. These state-of-the-art medical facilities will be integrated within Geri Care’s multi-speciality hospitals, offering advanced treatments tailored specifically for elderly patients.
Dr. Lakshmipathy Ramesh, Founder & Managing Director of Geri Care Health Services, emphasized the company’s vision, stating:
“Our mission is to make world-class geriatric healthcare accessible to seniors and their families. This investment from InvAscent will accelerate our ability to provide specialised, compassionate, and holistic healthcare services to India’s ageing population.”
Why is InvAscent investing in geriatric healthcare?
InvAscent, one of India’s most prominent life sciences private equity firms, manages over $800 million in assets and has invested in more than 35 companies across the pharmaceutical, healthcare, medical devices, nutraceuticals, and healthtech sectors. The firm’s investment in Geri Care signals strong confidence in India’s senior healthcare sector, a market poised for rapid growth due to the country’s ageing demographic trends.
Nithya Govind, Managing Director at InvAscent, expressed enthusiasm about the partnership, stating:
“Geri Care has built a unique integrated geriatric care model that is redefining eldercare in India. We are excited to support their expansion and help them scale operations to meet the rising demand for elderly healthcare services.”
What makes Geri Care a leader in integrated geriatric healthcare?
Founded in 2018, Geri Care has established itself as India’s first eldercare provider run by geriatricians. The company has been at the forefront of senior-focused medical services, offering a seamless healthcare ecosystem that includes:
- Personalised home healthcare solutions tailored to the unique needs of elderly patients
- Hospital-based treatments addressing age-related medical conditions
- Specialised assisted living centres designed for respite care, rehabilitation, dementia care, and palliative care
The company operates India’s first multi-speciality hospitals exclusively for senior citizens, providing specialised geriatric care in a setting designed for their comfort, safety, and medical needs.
With over 50 years of combined experience in geriatric medicine, the Geri Care team has earned a reputation for high-quality, compassionate eldercare, serving thousands of senior patients across Chennai and beyond.
How is India’s ageing population driving demand for geriatric healthcare?
India’s elderly population is projected to reach 319 million by 2050, making geriatric healthcare one of the fastest-growing sectors in the country. The rise in age-related diseases, chronic conditions, and the need for specialised elderly care facilities has created an urgent demand for structured, high-quality senior healthcare services.
With limited geriatric-focused infrastructure, India’s senior population often struggles to access specialised medical care. Geri Care’s integrated approach bridges this gap by offering comprehensive eldercare solutions, from preventive health check-ups to advanced clinical interventions and assisted living support.
Experts in the field highlight the pressing need for more investment in geriatric healthcare, with private equity firms like InvAscent stepping in to support the sector’s growth.
What does the future hold for Geri Care and India’s eldercare industry?
The partnership between Geri Care and InvAscent marks a significant step toward scaling elderly healthcare solutions in India. With expanded assisted living centres, new speciality hospitals, and advanced medical services, Geri Care is set to play a pivotal role in reshaping eldercare infrastructure across the country.
As India’s ageing population grows, the need for specialised geriatric services will continue to increase, presenting vast opportunities for healthcare providers, investors, and policymakers to develop sustainable and innovative eldercare solutions.
Veda Corporate Advisors served as the exclusive financial advisor for this investment transaction, further underscoring the strategic significance of the deal in India’s healthcare landscape.
With ₹110 crore in funding and a clear vision for expansion, Geri Care is poised to revolutionise elderly healthcare in India, ensuring that seniors receive the dignity, care, and medical attention they deserve.
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