Portea Medical acquires MedybizPharma for undisclosed amount
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New Delhi: Portea Medical, a home healthcare company, has acquired speciality pharmaceutical distributor MedybizPharma for an undisclosed amount.
The cash and stock deal will enable Portea to strengthen patient engagement and provide better care for chronic disease patients in India, the company said in a statement.
"A structured and integrated approach enveloping awareness, monitoring and ongoing disease management is vital to tackle the battle India faces with chronic diseases.
"While hospital-based treatments are important, continuing care delivered to patients at home is a key prong of effective treatment," Portea Medical MD and CEO Meena Ganesh said.
With the acquisition of Medybiz, Portea is adding a vital, powerful and specialised pharma arm to deliver better pharmacy care to patients with chronic conditions who have ongoing needs for medication, she added.
MedybizPharma, which started in 2009, serves more than two lakh patients, providing prescription refill and therapy compliance support for super-speciality medicines.
The cash and stock deal will enable Portea to strengthen patient engagement and provide better care for chronic disease patients in India, the company said in a statement.
"A structured and integrated approach enveloping awareness, monitoring and ongoing disease management is vital to tackle the battle India faces with chronic diseases.
"While hospital-based treatments are important, continuing care delivered to patients at home is a key prong of effective treatment," Portea Medical MD and CEO Meena Ganesh said.
With the acquisition of Medybiz, Portea is adding a vital, powerful and specialised pharma arm to deliver better pharmacy care to patients with chronic conditions who have ongoing needs for medication, she added.
MedybizPharma, which started in 2009, serves more than two lakh patients, providing prescription refill and therapy compliance support for super-speciality medicines.
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