Practo acquires Insta Health

India’s largest online doctor discovery company Practo Technologies Pvt. Ltd has acquired Hospital information management solution provider Insta Health Solutions for $12 Million. It is Practo third acquisition after fitness solutions firm FitHo and product outsourcing firm Genii in the past six months.

The acquisition opens up an additional revenue stream for Practo and helps the company expand its presence among hospitals. The company at present generates revenue from Practo Ray, a doctor facing practice management software sold as a subscription based, software as a service product, and Practo Reach, a sponsored listing service for hospitals and clinics. Listing on Practo is free for products, while the company does not charge consumers for searches.

With this acquisition, Practo now gets access to more than 500 hospitals across 15 countries, including in Southeast Asia, West Asia and Africa, which use the company information management software. This adds on to Practo repertoire of software products for medical establishments. Insta Health Solutions will continue to operate as a separate entity.

Practo claims to facilitate 10 Million searches every month. There are more than 200,000 doctors, 5,000 diagnostic centres and 10,000 hospitals listed on its platform. To maintain its market dominance, Practo is making acquisitions and launching several products in new business. It is also fast expanding in International Markets and plans to expand to 10 countries. The company has also raised about $125 Million since its launch in 2008.