{"id":2904,"date":"2014-06-18T12:18:30","date_gmt":"2014-06-18T19:18:30","guid":{"rendered":"https:\/\/unituslabs.org\/?p=2904"},"modified":"2014-08-25T12:18:48","modified_gmt":"2014-08-25T19:18:48","slug":"unitus-seed-fund-invests-in-pediatric-healthcare-chain-addresshealth","status":"publish","type":"post","link":"https:\/\/unituslabs.org\/updates\/unitus-seed-fund-invests-in-pediatric-healthcare-chain-addresshealth\/","title":{"rendered":"Unitus Seed Fund Invests in Pediatric Healthcare Chain AddressHealth"},"content":{"rendered":"

Making affordable pediatric primary care available to a wide-range of urban Indian children<\/h2>\n

\"addresshealth-logo-300x140\"18 June 2014. Bangalore, India<\/b>: Unitus Seed Fund, India\u2019s most active seed-stage impact investor, has invested in AddressHealth, India\u2019s first pediatric primary healthcare network, providing comprehensive care for children through its chain of\u00a0 clinics and school health programs. AddressHealth will use the investment to further expand its reach through partnerships with schools and engagement with parents in Bangalore and to prepare for rapid expansion into other Indian cities.<\/p>\n\n\n\n
\"\"<\/td>\nAddressHealth Secures Funding from Unitus Seed Fund<\/a><\/td>\n\"techcircle\"<\/td>\nUnitus Seed Fund Investing in Bangalore-Based Pediatric Care Clinic AddressHealth<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\"yourstory_logo\"<\/td>\nPediatric Healthcare Chain AddressHealth Raises Funding from Unitus Seed Fund<\/a><\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Making the Pediatric Primary Care Continuum Possible<\/b><\/h2>\n

India is a young country with children up to 12 years of age making up 27% of its population. This young generation is growing up in nuclear families, with little or no support, facing newer health challenges such as chronic diseases, obesity, and mental health issues. There is no single branded provider of pediatric primary healthcare\u00a0\"Childrenthat covers all common health needs of children, including treatment of illnesses, vaccinations, dental hygiene and care, vision services, nutrition, and mental health services.<\/p>\n

Schools are mandated by the government as well as their affiliated education boards to invest in the health of its children including annual health checks and health and lifeskills education. The government health departments are unable to deliver these preventive health services to private schools including those catering to low income groups. AddressHealth operates a chain of one-stop-shop pediatric clinics that provide core pediatric medical services along with dental, vision, nutrition, and mental health services. These clinics also reach out to schools and preschools in their neighbourhood offering health programs including screening, health education, nutrition and environment audits, mental health and counseling services which currently cover more than 28,000 children.<\/p>\n

\u201cWe are very pleased to have the support of Unitus Seed Fund as an investor in our vision to bring a new type of quality, integrated pediatric care to broad populations in India\u2019s metros,\u201d said Dr. Anand Lakshman, CEO of AddressHealth. \u201cOur approach of partnering with schools to provide basic health services to every student allows us to build long-term relationships with the children and their families supporting a culture of preventative healthy living.\u201d<\/p>\n

Dynamic Healthcare Services Team<\/b><\/h2>\n

\"dr-anoop-radhakrishna-150x150\"\"dr-anand-lakshman-150x150\"AddressHealth was founded by doctor entrepreneurs Anand Lakshman and Anoop Radhakrishnan.\u00a0Dr. Anand Lakshman has significant experience leading public health programs that reached more than 1.14 crore (114 million) children. Dr. Anoop Radhakrishnan has been involved with setting up 2 startups soon after his MBA from IIM \u2013 Lucknow.\u00a0The goal of the founders is to address the health of at least a million children (10 lakhs) children by 2018.<\/p>\n

\u201cWe were excited by the size of the opportunity and the possibility of creating India\u2019s first pediatric primary healthcare brand,\u201d said Dave Richards, Managing Partner, Unitus Seed Fund. \u201cOur investment will help AddressHealth in refining its business model by increasing engagement with parents and schools and testing innovative pediatric service delivery models through schools.\u201d<\/p>\n

Unitus Capital was the financial advisor and Impact Law Ventures was the legal advisor on this transaction, advising Unitus Seed Fund. Blue Sky Capital Advisors and K LAW were the financial and legal advisors respectively, working with AddressHealth.<\/p>\n

About AddressHealth<\/b><\/h2>\n

AddressHealth Solutions India Pvt Ltd was founded by doctor entrepreneurs Anand Lakshman & Anoop Radhakrishnan with a vision to ensure that every child attains a state of positive health.\u00a0 AddressHealth currently operates three clinics in Bangalore that provide one-stop-shop pediatric primary healthcare services under its own brand. As of May 2014, AddressHealth is serving more than 28,000 children through its clinics and school programs.\u00a0More about AddressHealth\u00a0<\/a>><\/a><\/p>\n

About Unitus Seed Fund<\/b><\/h2>\n

\u00a0<\/b>Unitus Seed Fund is India\u2019s most active seed impact investor, funding BoP startups that serve large low-income populations. Unitus Seed Fund plans to grow its\u00a0portfolio of 13 companies<\/a>\u00a0to at least 30 startups in sectors including skill development \/ livelihoods, agriculture, technology for development, healthcare, education, and access to basic necessities. Unitus Seed Fund is part of the\u00a0Unitus Group, a successful financial services group operating in multiple emerging markets since 2000. Unitus Seed Fund has offices in Bangalore and Seattle.\u00a0More about Unitus Seed Fund\u00a0<\/a>><\/a><\/p>\n

Read more about AddressHealth\u00a0<\/a>>
\n<\/a>Read more about Unitus Seed Fund\u00a0Healthcare\u00a0Investments ><\/a>Tags: addresshealth<\/a>, bangalore<\/a>, bop healthcare<\/a>, child health<\/a>, health clinic<\/a>, pediatric<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Making affordable pediatric primary care available to a wide-range of urban Indian children 18 June 2014. Bangalore, India: Unitus Seed Fund, India\u2019s most active seed-stage impact investor, has invested in AddressHealth, India\u2019s first pediatric primary healthcare network, providing comprehensive care for children through its chain of\u00a0 clinics and school health programs. AddressHealth will use the… Read more ><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_aioseop_title":"","_aioseop_description":"Innovative pediatric health clinics partner with schools to provide integrated, life-long preventative healthy lifestyles in India","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5,4,20],"tags":[123,128,124,125,127,126],"_links":{"self":[{"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/posts\/2904"}],"collection":[{"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/comments?post=2904"}],"version-history":[{"count":0,"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/posts\/2904\/revisions"}],"wp:attachment":[{"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/media?parent=2904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/categories?post=2904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/tags?post=2904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}