Pristyn Care grows 4X, to open 1000 Surgical Centres in 50 Cities by March 22
1.5 million patients consulted, becomes market leader in Minimally Invasive Surgery (MIS)
MIS market in India is pegged to touch $53 billion by 2022 ●
To facilitate $250mn patient financing by FY27
Pristyn Care, today announced that it has quadrupled its surgery count since January 2021 and aims expansion with 1000+ surgical centres and 50+ cities including doubling the overall employee count by March 2022.
A recent report pegged the Minimally Invasive Surgery (MIS) market at $80 billion by 2025*. Pristyn Care has emerged as a leading player in the Minimally Invasive Surgery (MIS) market in recent times. The company has raised over $83 million including $53 million in the last round in April 2021, led by Tiger Global and Sequoia among others and aims to close the next round soon.
Commenting on the growth, Co-Founder Harsimarbir (Harsh) Singh, said “Patient confidence in Pristyn Care has been at an all-time high since the start of the year. Our investment in patientfirst processes, onboarding 400+ highly experienced surgeons, expansion to 40 cities & towns, has ensured we are able to serve more patients every year. By March 22, we will reach 1000+ surgical centres and expand to 50+ cities & towns and also double our employee count. Tech being our backbone, 25% of the hires will be engineers. Exciting perks & benefits apart from ESOPs are offered to hire the best talent. Our ESOP value has increased 100X since inception and in our last round, we offered a buy back option for many employees. Future hires will continue to be rewarded above and beyond their salary. More employee-first policies will be announced soon.”
He further added, “Over $30 million Patient Finance has been facilitated since inception and are looking to 5X ($250mn) in five years. Getting patients to prioritize their health is our focus and by FY27 we aim to serve 6% of all the Surgery patients in India”
Dr Vaibhav Kapoor, Co-Founder laid out the growth plans till FY27, “In a short time we have emerged as a leader in all Minimally Invasive Surgeries. We will be the largest surgery player in the next five years with 2000+ surgical centres and very well-rounded 1500+ experienced surgeons and doctors with avg. experience of 15 years and we will operate in 100+ cities & towns. We will continue to invest in the latest technologies to ensure faster patient recovery. Apart from it we will build in-house tech to ensure the smoothest surgery experience ever for patients and their families”.
With a 70+ NPS (Net Promoter Score) score, Pristyn Care has differentiated itself by ensuring a ‘24/7 Personal Care Buddy’ is allotted to every patient. This coordinator ensures A to Z of surgeryallocating the right doctor to patient, diagnostics, remote insurance clearance, admission & discharge formalities, patient financing (EMI) and post-surgery doctor consultation - istaken care of. This ensures patients and their family members focus on recovery rather than running around. To encourage preventive healthcare, Pristyn Care is providing free OPD (Doctor Consultation) till December 2021.
Pristyn Care has achieved the title of ‘Centre Of Excellence’ for Laser Piles, Laser Circumcision, Stapler Hemorrhoidectomy, Stapler Circumcision & Cosmetic Laser Gynaecology among others. Supporting the narrative of Indian healthtech, the company has successfully built a network spanning 800+ surgical centers and 400 experienced surgeons, with an aim to bridge the healthcare accessibility gap in India by offering full-stack surgical healthcare services with patient centricity at the core.
Spotlighted as the top brand advertising on digital in the hospital/clinic category during January to August 2021, Pristyn Care has significantly increased its investment to raise brand awareness. The company recently launched its‘Surgery Matlab Pristyn Care’ TV and Digital Ad campaign with Bollywood actor Hrithik Roshan for the Indian Premier League (IPL) season 2021 and will continue to invest on ICC T20 WC and other channels on TV and Digital medium. *https://redseer.com/newsletters/a-80-billion-market-minimally-invasive-surgery/