EaseMyTrip enters medical tourism industry by acquiring stakes in two companies

Indian traveltech firm EaseMyTrip has announced its entry into the fast-growing medical tourism sector by acquiring stakes in two companies.

The company has acquired a 49% equity stake in Dubai-based Pflege Home Healthcare for Rs 30 crore and a 30% stake in India-based Rollins International for Rs 60 crore.

The total value of the acquisitions is Rs 90 crore, paid through an equity share swap.

These acquisitions reflect EaseMyTrip's goal to diversify its offerings by combining healthcare and wellness services with its established travel solutions.

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What does Pflege Home Healthcare do?

Pflege Home Healthcare is a well-known name in the healthcare industry, particularly in the UAE.

The company offers a variety of home-based healthcare services, including doctor visits, nursing care, physiotherapy, and medical equipment rentals like ventilators and oxygen. 

With the acquisition, EaseMyTrip aims to extend these services to medical tourists, providing them with high-quality healthcare solutions in the comfort of their homes or temporary accommodations.

"Our collaboration with EaseMyTrip is a significant step towards extending the accessibility of premium healthcare services. By integrating our Medical Tourism and home healthcare expertise with their global travel platform, we aim to provide a seamless experience for individuals seeking medical treatment or wellness services abroad," said Parveen Jakhar, Co-Founder of Pflege Home Healthcare.

What does Rollins International do?

Rollins International, a subsidiary of Singapore-based RHA Holding, focuses on health and wellness solutions, including gluten-free and allergen-free food products, health supplements, and wellness therapies.

Rollins also operates wellness centers across major Indian cities, with plans to expand further.

With this acquisition, EaseMyTrip is set to offer a wide range of health-focused travel packages catering to customers with specific dietary and wellness needs.

"We are excited to join forces with EaseMyTrip, integrating our expertise in allergen-free products and wellness solutions with their vast travel network. Together, we will offer unparalleled access to wellness services, ensuring that health-conscious travellers feel supported every step of the way," said Rohan Jain, Co-Founder of Rollins International.

A boost for the medical tourism industry

EaseMyTrip’s foray into the medical tourism industry comes at a time when the sector is witnessing strong growth.

The medical tourism market is currently valued at $7.69 billion and is projected to reach $14.31 billion by 2029. By combining travel and healthcare services, EaseMyTrip is positioning itself to tap into this lucrative market.

Nishant Pitti, CEO & Co-founder of EaseMyTrip, said, "EaseMyTrip’s portfolio has grown manifold with the inclusion of Rollins International and Pflege Home Healthcare. This is a pivotal progression towards revolutionising medical tourism. With the growing demand for accessible, quality healthcare services, this acquisition was necessary to meet the evolving needs of travellers seeking wellness and medical solutions."

Expanding beyond traditional travel services

EaseMyTrip’s acquisitions are part of its broader strategy to diversify beyond traditional travel services.

Earlier this year, the company announced plans to enter the electric vehicle (EV) market by setting up a subsidiary for electric bus manufacturing.

Over the past year, EaseMyTrip has also acquired several firms in the travel and hospitality sectors, strengthening its position in the industry.