UAE-based Pulsar Capital takes a controlling stake in TruDoc
Private equity firm seeks to enhance its product offering in key markets
Pulsar Capital, a leading UAE-based private equity firm specialising in the healthcare, e-commerce and fintech sectors, has fully acquired TruDoc, the UAE-headquartered telehealth and virtual primary care provider, for an undisclosed sum.
With this acquisition, Pulsar Capital seeks to enhance its product offerings and accelerate its growth across South Asia, the GCC, and Africa.
The takeover comes against the backdrop of the UAE ramping up the use of digital health technologies to enhance patient care and boost the country’s attractiveness as a global medical tourism destination.
The latest move by Pulsar Capital to take a controlling stake in TruDoc follows an initial investment in 2022, which saw the private equity firm own a minority share in the telehealth and virtual primary care provider.
Vish Narain, Managing Partner of Pulsar Capital, assumes the new role of Executive Chairman of TruDoc as part of the takeover process.
Under its new and upgraded leadership team, TruDoc is poised to participate in the future of healthcare delivery with a new focus on product offerings, plans of expansion and a mission to make healthcare accessible from the comfort of one’s home.
Vish Narain, Managing Partner of Pulsar Capital and Executive Chair of TruDoc, said: “The acquisition of TruDoc represents our commitment to deliver quality care to patients with an emphasis on convenience, affordability, and accessibility.
“Technology is going to significantly change the way primary healthcare is going to be delivered. TruDoc has cutting-edge tools using the latest technology in electronic patient record management, home health, telemonitoring, wearables and generative AI, which will benefit our payors and end-consumers,” Narain added.
Established in 2011 in Dubai, UAE, TruDoc delivers innovative and accessible healthcare solutions. Its solutions have made the company a trusted provider of 24/7 access to licensed telemedicine with close to one million paid subscribers in the UAE and two million globally, along with its home care doctors, labs and diagnostics, e-pharmacy services, and personalised wellness programmes.
TruDoc services include telemedicine, teleconsultation, chronic medication refills, virtual care, 24×7 access to doctors, access to wellness and mental benefits, virtual clinics, hospital at home, digital healthcare provider, chronic disease management, hospital at home, home care, and health telemonitoring.
Pulsar Capital’s principals have led more than AED3.68 billion of investments in the Middle East region, including marquee investments in the consumer, healthcare delivery and technology sectors.
Featured image: TruDoc delivers innovative and accessible healthcare solutions. Image: TruDoc