CHENNAI: A New Chapter for Senior Healthcare

Geri Care Health Services, a pioneer in providing integrated healthcare services tailored for senior citizens, has recently announced a significant milestone. The company has successfully raised Rs 110 crore from InvAscent, a private equity investor, through its India Life Sciences Fund IV. This investment marks a pivotal moment for Geri Care, as it represents the company's first institutional fundraise.

Expanding Horizons in South India

The infusion of funds is earmarked for the expansion of Geri Care's services across key cities in South India, including Bengaluru, Hyderabad, Kochi, and Coimbatore. This strategic move aims to enhance the accessibility of specialized healthcare services for the elderly population in these regions. Additionally, the company plans to launch new assisted living facilities in Bengaluru and Chennai within this quarter, alongside establishing speciality centres of excellence in geriatric oncology, geriatric urology, geriatric cardiology, and ortho-geriatrics.

Voices from the Leadership

Lakshmipathy Ramesh, the founder and managing director of Geri Care Health Services, expressed his enthusiasm about the investment, stating, "This investment will enable us to expand our services and reach more seniors in need of specialized healthcare." Echoing this sentiment, Nithya Govind, managing director of InvAscent, highlighted the investment's aim to bolster Geri Care's capabilities in addressing the growing needs of India's elderly population.

Veda Corporate Advisors played a crucial role as the exclusive financial advisor to Geri Care for this transaction, further solidifying the partnership's foundation for future growth and development.