Geri Care Health Services Secures INR 110 Cr Investment
The funding comes through InvAscent's India Life Sciences Fund IV (ILSF IV) in exchange for a minority stake in the company.
Geri Care Health Services, an integrated healthcare provider catering to senior citizens, has raised INR 110 Cr from InvAscent.
The funding comes through InvAscent's India Life Sciences Fund IV (ILSF IV) in exchange for a minority stake in the company.
Expansion Plans & New Facilities
As part of its strategic growth, Geri Care is preparing to launch new assisted living facilities in Ulsoor, Bengaluru, and Velachery, Chennai, in the upcoming quarter. This initiative is crucial in meeting the rising demand for senior care services as more elderly individuals seek tailored, long-term healthcare solutions.
Furthermore, the company is working on establishing specialty centers of excellence in geriatric care.
These centers will focus on critical areas such as Geriatric Oncology, Geriatric Urology, Geriatric Cardiology, and Ortho-Geriatrics, strengthening Geri Care’s multi-specialty hospital offerings exclusively for the elderly.
A Vision for Holistic Elderly Care
Commenting on the development, Lakshmipathy Ramesh, Founder and Managing Director of Geri Care, said, “We are excited to partner with InvAscent to further our mission of providing holistic and compassionate care to the elderly. Their investment and partnership will enable us to expand our services and reach more seniors needing specialized healthcare.”
This partnership is expected to boost Geri Care’s ability to serve the growing elderly population, ensuring access to high-quality, specialized care.
The investment by InvAscent is a significant step forward for Geri Care Health Services as it continues to position itself as a leader in elderly healthcare. The company focuses on the unique medical and emotional needs of senior citizens across the region.
