Healthcare firm AktivOrtho secures pre-Series A investment from Germany’s KfW—-VC Circle News

 

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–BY  Lohit Jagwani, VC Circle

Delhi-based International Orthopaedic Rehabilitation and Prevention Company (India) Pvt. Ltd, which provides services like orthopedic rehabilitation and medical fitness under the brand AktivOrtho™, is raising its pre-Series A investment from German development bank Kreditanstalt fur Wiederaufbau (KfW), a top company executive told VCCircle.

“KfW has done the due diligence and now investing just under a million euros (under Rs 8 crore) in AktivOrtho™ . This is our pre-Series A investment and in the next six months we will start looking for a much larger round,” Gerd Mueller, co-founder and chairman of the company said.

According to Mueller, the investment from KfW is a mix of debt and equity. With this, the company will look at scaling up its services in segments like sports medicine and metabolic balance® apart from setting up more centres.

“We plan to launch 15-20 centres in the next five years for which we plan to raise around $3-5 million in 6 to 12 months,” he said.

AktivOrtho, which Mueller started with his wife Gabrielle Seacy, runs two centres in Delhi NCR. It plans to expand further into cities like Bangalore, Hyderabad and Mumbai through hub and spoke model. In this, around six to eight centres would be hubs.

Each centre will be around 10,000 sq ft and house one orthopedic doctor and 30-40 physiotherapists. Currently, its centres clock around 100-130 patients visits every day.

The average spends for a patient per visit is Rs 2,000-10,000 and health plans taken by patients for three months are worth Rs 50,000-75,000. At present, AktivOrtho has a total manpower of around 80 people which will increase to around 250 in two years, according to Mueller.

German development bank KfW provides support to small and medium sized enterprises in sectors like healthcare, housing, infrastructure and environment protection.

In 2013, KfW invested $3.28 million in Invest India Micro Pension Services (IIMPS) which offers pension and insurance products to low income workers.

AktivOrtho is Gerd Mueller’s second venture who is a German national and an orthopedic surgeon. Earlier he co-founded Hanseatic Rueckenzentrum group with a fellow orthopedic doctor Joachim Mallwitz. The company runs six orthopedic rehabilitation centres in Germany. Before starting this venture, Mueller was deputy chairman of one of the largest orthopedic hospitals in Hamburg.

http://www.vccircle.com/news/healthcare-services/2014/06/26/healthcare-firm-aktivortho-secures-pre-series-investment-germany

 

 

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About aktivorthoblog

AktivOrtho™ is India's first-of-its-kind comprehensive centre for orthopaedic, neurological and gynaecological rehabilitation as well as sports medicine, pain management, prevention, podiatry, medical training therapy (MTT) and weight management solutions located at Vasant Vihar as well as the Siri Fort Sports Complex, New Delhi and Golf Course Road, Gurgaon. Founded by leading German orthopaedic specialist and former surgeon, Dr. Gerd Mueller MD, AktivOrtho™ focuses on the non-invasive treatment and prevention of all types of chronic and acute musculoskeletal problems as well as neurological disorders. Introducing state-of-the-art, German designed rehabilitation equipment together with our team of experienced and certified medical professionals led by Dr. Mueller and Dr. Rana Chengappa, MBBS, DSM, we are committed to providing our patients with European standard medical care, personalised one-on-one treatment and leading expertise in the field of non-surgical orthopaedic, and neurological rehabilitation, pain management, prevention, sports medicine and weight management.

Posted on July 2, 2014, in Uncategorized. Bookmark the permalink. Leave a comment.

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