Japanese home medical support company Human Life Management (HLM) acquired Care24, a home healthcare platform operating in Mumbai and Delhi, in an all-cash deal on January 27, 2022. HLM and Care24 will work in tandem to deepen the medical service offerings in India.
All earlier investors, Elevation, IQ, DI, Start-up Health, have received cash exit through this deal and all existing investors stand contented and aligned on the deal.
HLM is led by Yoshiki Sasaki, a prime investor in Care24 for the past two years and holds multiple healthcare and other sectors businesses. Care24 will extend its robust service delivery and agile technology platform for HLM and cater to the customers’ evolving healthcare needs.
After the acquisition, HLM and Care24 will work together to scale and strengthen medical service offerings in India and expand to other south-east countries like Thailand, Vietnam, and Indonesia using Yushoukai’s deep medical expertise and Care24’s superior software development and technology capabilities.
HLM will play a pivotal role
HLM will also play a pivotal role in launching new medical offerings for Care24 in the Indian market, like the end of life care, critical care at home, family doctor subscription service, doctor on call, implementation of a care plan and Training of doctors along with training materials.
While Care24 will expand its service offerings across multiple states in India, HLM and Care24 will begin operations internationally under the label of Care24 international in the countries mentioned above through a JV with a local medical service provider.
Vipin Pathak, Founder and CEO of, Care24 said, “We are excited and highly enthusiastic with this new acquisition deal. Our team has been working with the HLM team for the past two years, and we could feel the synergy and compatibility in the thought process of both the teams.”
“Yoshiki-San is a visionary leader and has a long-term vision about the future of healthcare. His ambitious and aggressive plans around growth are highly encouraging and empowering for us. We aim to bridge the gaps of Global Medical expertise, best practices, capital and network in Japan, south-east Asia with HLM and Care24’s existing capabilities,” added Pathak.
HLM’s expertise and Care24’s technology will pave the way for growth
HLM has been closely involved with Care24 for multiple projects across India, south-east Asia, and Africa to make healthcare readily available at home. Human life management is part of SIPS groups which runs Home Medical Care in Japan, providing critical care to more than 6000 families through its partnered Yushoukai Medical Corporation.
Yoshiki Sasaki, CEO of HLM, said, “HLM was highly captivated by Care24’s strong delivery record of facilitating care at home to more than 1000 families daily, between Mumbai and Delhi and thereby instituted an all-cash acquisition.”
“The amalgamation of HLM’s extensive medical expertise like care plan, understanding of end-of-life customer life cycle management offerings and Care24’s sophisticated technology platform which algorithmically matches providers and seekers in real-time for home healthcare, will globally revolutionize and instill the much-needed quality care,” added Sasaki.