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Geri Care Secures ₹110 Crore Investment

Geri Care Health Services, a leading healthcare provider focused on senior citizens, has announced its first institutional fundraise, securing ₹110 crore from private equity investor InvAscent through its India Life Sciences Fund IV (ILSF IV).

This strategic investment will support Geri Care’s expansion, enhancing its home healthcare, assisted living, and specialized geriatric medical services. The funding marks a significant milestone in strengthening elderly care infrastructure in India, ensuring improved accessibility and quality of healthcare for senior citizens.

"The investment and partnership (with InvAscent) will enable us to expand our services and reach more seniors in need of specialised healthcare,” said InvAscent Dr. Lakshmipathy Ramesh, founder & managing director of Geri Care.

With this investment, Geri Care plans to expand its services to Bengaluru, Hyderabad, Kochi, and Coimbatore, while launching new assisted living facilities in Ulsoor (Bengaluru) and Velachery (Chennai). The company is also developing India’s first specialty centers of excellence in Geriatric Oncology, Geriatric Urology, Geriatric Cardiology, and Ortho-Geriatrics.

This milestone funding will help revolutionize eldercare in India, ensuring advanced, specialized medical support for senior citizens.

News Source: https://m.economictimes.com/industry/healthcare/biotech/healthcare/geri-care-raises-rs-110-crore-from-invascent-for-a-minority-stake/amp_articleshow/117640273.cms

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