Healthcare services platform Practo
Technologies Pvt. Ltd, has acquired Enlightiks Business Solutions Pvt. Ltd, a
healthcare analytics solutions firm, in a cash and stock deal.
Established in 2012, with offices in
Bengaluru and Charlotte in the US, Enlightiks owns a predictive clinical and
computational platform called Querent and uses big data analytics to provide
business intelligence to healthcare providers. Last year, Practo acquired Insta
Health Solutions and Qikwell Technologies Pvt. Ltd. With this portfolio of
software products, it completes the suite for healthcare providers.
Practo has been among the most
active buyers among large Indian start-ups. Apart from Enlightiks, Qikwell and
Insta, it acquired FitHo, a fitness management platform and product outsourcing
firm Genii. Its acquisitions, especially Qikwell and Insta, have not only
helped the company enter the enterprise segment—hospitals and clinics—but also
opened additional revenue streams for the company.
Enlightiks deploys machine learning
and deep learning to service more than 250 hospitals and clinics, which
predominantly use its business intelligence service, while some of the clients
use predictive analytics to augment revenue and streamline operations. Practo
currently claims to aggregate 2 lakh doctors, 10,000 hospitals, 8,000
diagnostic centres and 4,000 wellness and fitness centres in India, Brazil,
Philippines, Malaysia, Indonesia and Singapore.
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