Doctor Care Anywhere (‘DCA’), one of the UK’s leading providers of digital health services, today announces that it has successfully raised approximately £55.7 million to fuel its growth plans in the UK, as well as to expand into new international markets, after completing its over-subscribed initial public offering (‘IPO’).
The majority of funds raised will be used to support the Company’s ambitious growth strategy, which includes investment in new services, such as a mental health service due to be launched in the UK in 2021. The service will be delivered by GPs specially trained to manage complex mental and physical conditions and
will provide a range of digital and in-person treatment options.
Dr Bayju Thakar, Founder and Chief Executive Officer of Doctor Care Anywhere, said: “today marks an important milestone in Doctor Care Anywhere’s journey to become a global leader in digital health, through joining up the patient journey and making it work better for patients. The capital we’ve raised with this IPO will allow us to better serve our current patients with a more extensive range of services, and accelerate our growth plans to make digital health another valuable UK export that patients around the world can benefit from.”
DCA was was set up with the objective of improving access to clinical care, enhancing transparency and patient confidence in clinical practice and delivering exceptional patient outcomes. In the last 12 months, the company has seen more than a 390% rise in monthly (video or phone) consultations with its, and the
company now covers 2 million eligible lives in the UK through its strategic relationships with channel partners that include AXA Health, HCA Healthcare and Nuffield.
Following the successful completion of its IPO, DCA has been admitted to the official list of the Australian Securities Exchange (‘ASX’). The Company will have a market capitalisation of approximately A$254.8 million (£140.9m) following settlement, and welcomes a range of high quality, long term investors to the share register.