Is a big acquisition deal involving insurance companies shaping up in the UK’s healthcare sector?
The
Telegraph reported on Sunday that digital healthcare business Doctor Care Anywhere is being considered for sale for more than £100 million.
According to the report, Doctor Care Anywhere founder Bayju Thakar has received approaches from some of the largest insurance companies in the UK to acquire his business.
The report noted that the insurers are circling Doctor Care Anywhere for a potential deal as they are looking at how to capitalise on a growing demand for
private healthcare.
Apart from a possible sell-off, Doctor Care Anywhere is also mulling over plans to raise £25 million to help accelerate its expansion, the
Telegraph reported.
Thakar has hired corporate finance advisors DC Advisory and Icon to explore options for the digital healthcare business.
Doctor Care Anywhere enables customers to set appointments and speak digitally with general practitioners. It also allows clients to obtain prescriptions, referral letters and medical certificates online. The digital business also offers health tracking and patient record management services.
The healthcare firm already has more than 100,000 members, according to the
Telegraph, with companies signed up including insurance giant
AXA.
“I think we can build this to one million patients within the next two years,” David Ravech told the publication. He was one of the four investors that poured £6.5 million into the company last year.
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