InvAscent invests in Geri Care

Jan 27, 2025

Healthcare and life sciences focused private equity investor, InvAscent, through India Life Sciences Fund IV (ILSF IV), has invested INR 1,100 million in Geri Care Health Services, India’s first integrated senior citizen-focused healthcare services provider.

Founded in 2018 by leading geriatrician, Dr. Lakshmipathy Ramesh, Geri Care offers a comprehensive 360-degree continuum care model for senior citizens, with a network of speciality hospitals, assisted living centers, home care, and clinics. With over 50 years of combined geriatric practice expertise, Geri Care has become a trusted name in eldercare, serving tens of thousands of elders in South India, particularly in Chennai.

Geri Care intends to utilize the funds to expand its services across key cities in Southern India, including Bengaluru, Hyderabad, Kochi, and Coimbatore. The Company is gearing up to launch its newest assisted living facilities in Ulsoor, Bengaluru, and Velachery, Chennai, soon.

“Geri Care is a pioneer in creating an innovative continuum care model, redefining eldercare in India. We are very excited to partner with Dr. Ramesh and the team of Geri Care in their growth journey. Our investment aims to support Geri Care’s expansion plans and enhance its capabilities to address the growing needs of the elderly population in India”, said Nithya Govind, Managing Director, InvAscent.

“At Geri Care, we strive to make best-in-class Geriatric Care accessible to our senior community and their families, and to enhance the quality of their life, promote independence, well-being and dignity. We are excited to partner with InvAscent to further our mission of providing holistic and compassionate care to the elderly. This investment and partnership will enable us to expand our services and reach more seniors in need of specialized healthcare”, said Dr. Lakshmipathy Ramesh, Founder and Managing Director, Geri Care.

Veda Corporate Advisors served as the exclusive financial advisor to Geri Care for this transaction.

About InvAscent
InvAscent is India’s leading life sciences private equity firm managing an AUM of over USD 800 million with investments in over 35 companies across pharma, healthcare delivery, medical devices, animal health, nutraceuticals, and healthtech industries.

For more information about InvAscent, please visit https://www.invascent.com/

About Geri Care
Geri Care is India’s first elder-care service run by Geriatricians. With decades of combined experience in serving senior citizens, Geri Care has emerged as a trusted name in specialised geriatric care.

Geri Care offers India’s first of its kind multi-speciality hospitals exclusively for senior citizens and is rapidly expanding its network of state-of-the-art assisted living centres in Chennai and Bengaluru currently. From advanced clinical interventions to personalised home care, and from hospital-based services to assisted living services for respite care, rehabilitation care, dementia care, and palliative care, Geri Care provides a seamless continuum of 360-degree care.

For more information about Geri Care, please visit https://www.gericare.in/

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