KUALA LUMPUR (March 31): IHH Healthcare Bhd co-led a minority investment in Singapore-based telehealth company Doctor Anywhere (DA), as part of DA’s US$27 million Series B fundraising round to expand its platform and enter new markets in Southeast Asia.

In a statement today, IHH said the investment in DA is in line with IHH’s strategy to partner with innovative companies that deploy cutting-edge healthcare technology. 

"The aim is to enhance the patient’s experience, treatment and clinical outcomes across its network of 77 hospitals in 10 countries. The partnership with DA will enable IHH to expand its digital ecosystem and better support clients with IHH’s full suite of healthcare services.

"DA currently serves more than 1 million users. Beyond Singapore, its mobile app is also available in Thailand as well as in key Vietnamese cities of Hanoi and Ho Chi Minh City. In addition to teleconsultations and drug delivery, DA users can also purchase health and wellness products on its online marketplace,” IHH said.

IHH managing director and chief executive office (CEO) Dr Kelvin Loh said in the statement IHH is transforming healthcare to make it as convenient as possible for patients.

"As part of this journey, IHH is very pleased to partner with Doctor Anywhere. Their end-to-end digital platform enables patients to schedule and receive virtual consultations with a doctor anytime, anywhere. Prescribed medications can also be delivered right to their home. The partnership is immediately synergistic in Singapore, which is one of IHH’s home markets,” he said.

DA founder and CEO Lim Wai Mun said IHH brings to DA its outstanding track record in delivering exceptional patient care and experience.

"With their strong global healthcare services network and deep pool of expertise, we are confident we will complement each other to make quality healthcare more accessible to patients in the region,” Lim said.

At 10:48am, IHH’s share price rose eight sen or 1.55% to RM5.23 for a market capitalisation of RM45.19 billion. The stock saw 161,200 shares traded.