India’s largest online doctor discovery company Practo Technologies Pvt. Ltd has acquired hospital information management solution provider Insta Health Solutions for $12 million, its 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 doctors, while the company does not charge consumers for searches.