Modern Family Doctor Pvt. Ltd (MFD), a chain of neighbourhood clinics and pharmacies, plans to raise fresh funds as it seeks to enter new geographies and more than double the number of its clinics in 18 months, a top company executive told VCCircle.
Dr. Reddy's Laboratories Ltd has acquired a portfolio of half a dozen over-the-counter (OTC) drug brands from American drugmaker Ducere Pharma to enter the branded consumer health business in the US, it said on Wednesday.
Bangalore-based pediatric healthcare chain AddressHealth Solutions India Pvt. Ltd has raised $1.5 million (around Rs 10 crore) in a Series A funding round led by US-based Gray Matters Capital. Existing investor Unitus Seed Fund also participated in the round, it said in a statement.
Delhi-based Moolchand Healthcare Pvt Ltd, which had made ambitious growth plans through a mix of organic expansion and acquisitions three years ago, has seen its revenues get stuck in a narrow band and profits slide after signing a significant deal to expand beyond its home city.