Regional private equity firm Pulsar Capital has taken a controlling stake in TruDoc, UAE’s leading telehealth and virtual primary care provider, after an initial investment in 2022
In doing so it is looking enhance its product offerings and accelerate its growth across South Asia, the GCC, and Africa.
Established in 2011, TruDoc provides 24x7 access to licensed telemedicine close to one million paid subscribers in UAE and two million globally, along with its home care doctors, labs and diagnostics, e-pharmacy services, and personalised wellness programmes. Its innovative approach enables patients to proactively manage their health in the convenience of their own home, ultimately creating a more intimate and user-friendly healthcare experience. TruDoc's services are available in the UAE, Kingdom of Saudi Arabia and Nigeria and other parts of Africa.
Managing partner of Pulsar Capital, Vish Narain, also now executive chairman of TruDoc commented, “The acquisition of TruDoc represents our continued commitment to deliver quality care to patients with an emphasis on convenience, affordability and accessibility. Technology is going to significantly change the way primary care 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 payers and end-consumers.”
Under its new and upgraded leadership team, TruDoc is looking to transform the future of healthcare delivery with a new focus on product offering, plans of expansion and a continued mission to make healthcare accessible from home.
The move comes as the UAE is ramping up the use of digital health technologies to enhance care and boost the country’s attractiveness as a medical tourism destination.