PharmEasy on Tuesday said that it has acquired Medlife, which caters to the country’s healthcare needs covering over 465 cities.
With this acquisition, PharmEasy strengthens its position in the healthcare industry. This also helps the e-pharmacy startup in providing quality healthcare to more number of Indian households.
“This merger is sure to complement PharmEasy’s ever growing efforts in India’s healthcare space,” PharmEasy Co-founder Dhaval Shah in a post on LinkedIn.
Since inception, PharmEasy has been focused on a single mission, ‘Simplifying Healthcare, Impacting Lives’. We believe that joining hands with Medlife will create an even stronger platform to accelerate this mission. We welcome all the Medlife users and partners to our family, he added.
With this acquisition, Medlife users will automatically become PharmEasy users. The consolidated entity will be serving over 2 million customers every month.
PharmEasy has been working towards making affordable healthcare accessible to all since 2015.
Medlife will discontinue operations and will merge with PharmEasy, starting May 25, 2021.
According to ResearchAndMarkets.com, Indian eHealth sector is at a tipping point, and is projected to grow by 13x, to become a $16 billion opportunity by FY 25.
Medlife customers need to login to the PharmEasy app to start using their Medlife account via the same mobile number. All their digitised prescriptions and saved addresses dating back to a year will be available on the PharmEasy app.
“We are also looking forward to onboarding Medlife’s retail partners and continuing our journey with them with utmost sincerity. We assure that users’ and retailers’ experience won’t be compromised in any way, and will only get better going forward,” Shah added in the post.