Portea Medical

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Established in November 2013, Portea Medical (“Portea” or “the company”) is a Bangalore based home-based healthcare services provider. Portea works with individuals as well as hospitals, insurance companies and corporates to improve health outcomes by providing in-home care to geriatric, chronic, neo-natal and post-operative patients across 22 cities in India (including Delhi, Bangalore, Chennai, Hyderabad and Mumbai) and 2 in Malaysia. The company sends doctors, nurses and physiotherapists on home visits as per instructions received on its website from consumers, insurance firms and hospitals on whose behalf it provides its services. The company primarily focuses on three key product lines: (a) Physiotherapy – visit-based services focused on rehabilitation, chronic issues, etc.; (b) Long-term nursing – 12/24 hour shifts focusing on medical issues; (c) Nursing Aides – 12/24 hour shifts focusing on activity of daily living support and paramedical support. Portea also provides home pharmacy and specialized medical equipment on rent for patients who don’t need/ can’t purchase the same for extended use. It has 40+ corporate hospitals as partners and a network of 1,000+ referring physicians across India. The proposed investment is an equity investment of up to US$7 mm as part of a US$37 mm primary raise to fund expansion of the company (“the project”).