- Pulsar Capital has acquired a majority stake in UAE-based healthtech TruDoc.
- Founded in 2011 by Raouf Khalil, TruDoc is a telehealth and virtual care provider, including virtual clinics and hospitalist programmes for telemonitoring for acute and chronic care.
- Pulsar Capital’s investment comes a year after its initial investment in 2022 which saw the private equity firm own a minority stake.
TruDoc, UAE's leading telehealth and virtual primary care provider, is proud to announce an investment by Pulsar Capital, a prominent regional private equity firm specialising in the healthcare, e-commerce and fintech sectors. The investment marks a significant milestone in TruDoc's mission to redefine healthcare delivery and expand its reach to benefit patients across multiple regions.
Pulsar Capital has invested in TruDoc with the vision to enhance its product offerings and accelerate its growth across South Asia, the GCC, and Africa by bringing the best in the world to the region. The news of Pulsar Capital taking a controlling stake in the business comes a year after the initial investment in 2022 which saw the private equity firm own a minority share before recently culminating into a larger investment in the company.
TruDoc strives to bridge the gap in accessibility and affordability, the two biggest challenges facing global healthcare by offering comprehensive end-to-end care for healthy individuals and those dealing with acute and chronic illnesses. At present, TruDoc serves diverse geographies, including the UAE, the Kingdom of Saudi Arabia, Nigeria and other parts of Africa.
Established in 2011, TruDoc is at the forefront of delivering innovative and accessible healthcare solutions. Its commitment to reimagining healthcare delivery has made the company the trusted provider of 24x7 access to licensed telemedicine with close to one million paid subscribers in UAE and 2 million globally, along with its home care doctors, labs and diagnostics, e-pharmacy services, and personalised wellness programmes.
TruDoc has redefined the norms of conventional healthcare with its innovative approach that enables patients to proactively manage their health in the convenience of their own homes, ultimately creating a more intimate and user-friendly healthcare experience.
Characterized by an unwavering commitment to value-based care and evidence-based medicine, TruDoc's team of dedicated medical professionals prioritises patients' needs, ensuring that each individual receives tailored and comprehensive care that addresses their unique health requirements
Managing Partner of Pulsar Capital, Vish Narain also assumes the new role of Executive Chairman of TruDoc commenting, “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 payors and end-consumers.”
Under its new and upgraded leadership team, TruDoc is poised to transform the future of healthcare delivery with a new focus on product offerings, plans of expansion and a continued mission to make healthcare accessible from the comfort of one's home.