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Acquisition · Financial Services

Care.fi acquires Aldun to speed up discharges

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Date
Company
Care.fi
What it does
Healthcare fintech for hospital payments
Kind
Acquisition
Founded
2021
Sector
Financial Services

What they do

Care.fi, a Peak XV-backed healthcare fintech, acquired discharge-automation platform Aldun

What happened

The deal aims to cut discharge time to 10 minutes and expand into Tier-2 and Tier-3 markets

Why it matters

Aldun currently supports 10,000 monthly discharges across networks like Apollo and Fortis

The details

  • Care.fi, a healthcare fintech company, acquired Aldun, a discharge-automation platform.
  • The acquisition aims to unify revenue cycle management with real-time claims, pre-auth, and settlement visibility.
  • The combined platform is called 'Healthcare OS' and handles patient financing to final settlements.
  • The goal is to reduce discharge time to 10 minutes after the final bill.
  • Aldun currently supports 10,000 discharges monthly.
  • The acquisition targets 300 hospital units and 1 lakh monthly discharges.
  • It also aims to reduce non-clinical costs like parking and extra room charges.
  • The deal seeks to increase bed turnover without capital expenditure on new beds.

The bigger picture

  • Typical discharge processes take from 9 AM to 5 PM due to manual billing, insurance coordination, and settlement delays.
  • Faster discharges can improve patient experience and hospital cashflows.
  • The acquisition helps Care.fi expand into Tier-2 and Tier-3 markets.
  • It also aims to save over 10 lakh administrative hours annually.

About the business

  • Care.fi is a healthcare fintech company backed by Peak XV.
  • It provides financial services for hospitals and patients.
  • The company focuses on revenue cycle management and patient financing.
  • Aldun serves hospital networks including Apollo, Aster, Manipal, Fortis, and Max.
  • The combined platform handles everything from patient financing to final settlements.
  • The acquisition enables a unified system for claims, pre-auth, and settlement visibility.

What happens next

  • Expand into Tier-2 and Tier-3 markets.
  • Target 300 hospital units and 1 lakh monthly discharges.
  • Achieve 10-minute discharge after final bill.

The deal

Type
acquisition

Investors

  • Peak XV (existing) — Backs Care.fi.
  • 2am VC (existing) — Early backer of Aldun.

Founders

  • Vikrant Agrawal, Co-founder
  • Sidak Singh, Co-founder

About Care.fi

Product
AI-powered healthcare operating system for hospitals.
Customers
Hospitals and healthcare providers.
How it makes money
B2B software and financing for hospital revenue operations and working capital.
What sets it apart
Combines revenue cycle software with an NBFC arm for hospital working capital.
Operations
Based in Gurugram and expanding across India and overseas.

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