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PB Healthcare raises $218 million to build hospital network

by databiztimes.com
8 May 2025
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PB Healthcare raises $218 million to build hospital network
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Athira Sethu

Kochi, 8 May 2025

PB Healthcare Services, a fresh player in the healthcare sector, has raised $218 million to start constructing hospitals and enhancing its health services. The funds are a part of its initial large funding round, a “seed round.

The largest investors in this round were General Catalyst and PB Fintech Limited, the firm that began PB Healthcare. General Catalyst put in $50 million, and PB Fintech contributed $62 million. Other individuals and institutions contributed the remainder — approximately $106 million.

PB Healthcare will invest the funds in constructing hospitals and creating new health products and technology. Their initial target will be the Delhi NCR region in India.

The company wants to do healthcare differently. It plans to put hospital care together with insurance, so patients receive both in the same location. PB Healthcare will own its own hospitals and utilize technology and data to keep people healthy, prevent surgeries from happening that don’t need to, and receive care more quickly and easily.

They also wish to simplify the insurance process. For instance, they will attempt to eliminate the requirement for “pre-authorization” (when insurance companies have to authorize treatment prior to it occurring), which tends to lead to delays and confusion. In this manner, they aim to establish trust among patients, hospitals, and insurance companies.

PB Healthcare aims to establish a 1,000-bed hospital chain in the Delhi NCR area in the long run. They aim to set up 4 to 5 hospitals with 600 to 800 beds within the next year.

As external investors are now on board, PB Fintech’s stake in PB Healthcare has altered. It previously held 100% of the company, but now it holds just 32.14%. Nevertheless, PB Fintech’s management still has faith in the project. The CEO of the company, Yashish Dahiya, stated he initially proposed retaining an 11% stake, but the board opted for a greater 26% stake, reflecting their confidence in PB Healthcare.

This is on the eve of PB Fintech’s scheduled release of the financial results for the fourth quarter of the year. Last quarter, the company performed well — with its top line increasing to Rs 1,292 crore and profit nearly doubling to Rs 72 crore.

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