Senior citizen-focused healthcare services provider Geri Care Health Services has secured a significant funding of Rs 110 crore from healthcare and life sciences-focused private equity investor InvAscent, through its India Life Sciences Fund IV (ILSF IV). This substantial investment will propel Geri Care’s expansion plans across key cities in Southern India, including Bengaluru, Hyderabad, Kochi, and Coimbatore.
Founded in 2018 by the esteemed geriatrician Dr. Lakshmipathy Ramesh, Geri Care stands out for its innovative approach in offering a comprehensive 360-degree continuum care model for senior citizens. The company’s network includes multi-speciality hospitals, assisted living centers, home care, and clinics exclusively dedicated to the elderly. With a track record of serving over 10,000 elders in South India, particularly in Chennai, Geri Care has established itself as a trusted name in the healthcare space.
Looking ahead, Geri Care is set to launch its latest assisted living facilities in Ulsoor, Bengaluru, and Velachery, Chennai, this quarter. Additionally, the company is pioneering the development of speciality centers of excellence in Geriatric Oncology, Geriatric Urology, Geriatric Cardiology, and Ortho-Geriatrics through its chain of multi-speciality hospitals tailored for seniors.
Dr. Lakshmipathy Ramesh, Founder & Managing Director of Geri Care Health Services, expressed his enthusiasm about the partnership with InvAscent, emphasizing their shared mission of providing holistic and compassionate care to the elderly. Nithya Govind, Managing Director of InvAscent, highlighted Geri Care’s role as a trailblazer in redefining eldercare in India and affirmed their commitment to supporting the company’s growth trajectory.
As Geri Care embarks on this exciting phase of expansion, fueled by the recent funding, the company is poised to make a significant impact on the lives of senior citizens by enhancing their quality of life, promoting independence, well-being, and dignity.
## Conclusion
In conclusion, Geri Care’s strategic partnership with InvAscent and the infusion of Rs 110 crore in funding mark a significant milestone in the company’s journey to revolutionize eldercare in India. With a steadfast commitment to providing innovative and compassionate healthcare solutions for the elderly, Geri Care is well-positioned to expand its reach and cater to the growing needs of the senior population in the country.
## Frequently Asked Questions
### 1. What is Geri Care’s focus?
Geri Care focuses on providing comprehensive healthcare services for senior citizens, including multi-speciality hospitals, assisted living centers, home care, and clinics exclusively for the elderly.
### 2. Who founded Geri Care Health Services?
Geri Care Health Services was founded in 2018 by Dr. Lakshmipathy Ramesh, a renowned geriatrician dedicated to improving eldercare in India.
### 3. How will Geri Care utilize the recent funding?
Geri Care plans to utilize the Rs 110 crore funding from InvAscent to expand its services across key cities in Southern India and launch new assisted living facilities.
### 4. What sets Geri Care apart in the healthcare industry?
Geri Care stands out for its innovative 360-degree continuum care model tailored specifically for senior citizens, offering a holistic approach to eldercare.
### 5. What expansion plans does Geri Care have for the future?
Geri Care aims to launch assisted living facilities in Bengaluru and Chennai, along with developing speciality centers of excellence in Geriatric Oncology, Urology, Cardiology, and Ortho-Geriatrics.
### 6. How many elders has Geri Care served so far?
Geri Care has served over 10,000 elders in South India, with a strong presence in Chennai, showcasing its commitment to providing quality healthcare for the elderly.
### 7. What is the role of InvAscent in Geri Care’s growth journey?
InvAscent, through its India Life Sciences Fund IV, has invested Rs 110 crore in Geri Care to support the company’s expansion plans and enhance its capabilities in addressing the healthcare needs of the elderly population.
### 8. What is the vision of Geri Care’s Founder & Managing Director, Dr. Lakshmipathy Ramesh?
Dr. Lakshmipathy Ramesh aims to make best-in-class geriatric care accessible to the senior community, promoting their independence, well-being, and dignity through compassionate healthcare services.
### 9. How does Geri Care plan to redefine eldercare in India?
Geri Care is pioneering the development of speciality centers of excellence in various geriatric fields, setting new standards in eldercare and reshaping the healthcare landscape for seniors in India.
### 10. What is the significance of Veda Corporate Advisors in Geri Care’s recent funding?
Veda Corporate Advisors played a crucial role as the exclusive financial advisor to Geri Care in securing the funding from InvAscent, facilitating the partnership that will enable the company to expand its services and reach more seniors in need of specialized healthcare.
Tags: Geri Care Health Services, eldercare, healthcare, funding, expansion, InvAscent, senior citizens, geriatric care, India Life Sciences Fund IV.[/gpt3]
