Easy Trip has announced the following two significant investments –
- 49% stake into Pflege Home Healthcare Center LLC (Pflege)
- Pflege is a home healthcare provider headquartered in Dubai. Pflege offers comprehensive care services across a wide range of segments, from doctor visits, Registered Nursing care at Home and physiotherapy to home-based medical equipment like ventilators and oxygen.
- The acquisition of Pflege empowers EaseMyTrip to offer reliable healthcare services, expanding its offerings in the medical tourism domain to cater to travellers seeking medical treatments or wellness solutions abroad.
- Consideration is Rs 30 cr. – Rs 20 cr secondary and Rs 10 crore primary
- 30% stake into Rollins International Private Limited (Rollins)
- Rollins is present in India with focus on gluten-free, lactose-free, and allergen-free food products, health supplements, and wellness therapies. Rollins also operates a range of brands offering wellness devices, nutritional guidance, and recreational spaces. Rollins’s wellness centres are present in New Delhi, Gurugram, Mumbai, Hyderabad, and Bengaluru and plans to expand with in and outside India.
- Consideration is Rs 60 cr as new equity infusion
The above acquisitions seems unrelated to Easy Trip’s current business focus. Although there is a usage of term medical tourism in the press release, I personally can not relate much to the same.