US based home healthcare firm Bayada Home Healthcare is looking to tie up with more hospital chains in India.
The privately held firm with $1 billion revenue is looking at India as a major market for expansion outside the US. The home healthcare services are mainly nursing or medical services provided at home.
“Home Healthcare market in India is at a very nascent stage and highly unorganized. With growing middle class and NRI population the demand for home healthcare would increase,” J. Mark Baiada, founder, Bayada Home Healthcare said.
In 2013, Bayada picked up a 26 per cent stake in Chennai-based India Home Health Care. India Home Health Care currently operates in Chennai and Bangalore and caters to 3000 patients annually. The firm recently entered a 30:70 joint venture with Gujarat-based Sterling Group of Hospitals to offer home healthcare services in Gujarat, Madhya Pradesh and Rajasthan. It currently has tie up with Mehta Hospitals and Fortis Malar Hospitals.
Mr. Baiada said the firm would be looking to tie-up with more hospital chains which would be done through India Home Health Care.
He also said it is easy to scale up the model as it is service oriented and not capital intensive.
