Affordplan has announced a management-led buyback of all the equity investment previously held by Affordplan’s founders and 4 prominent private equity investors.
The buyout was led by Affordplan’s CEO, Aditya Sharma, and a set of new equity investors that include Sanjiv Gupta, ex-Chief of Coca-Cola, who now own 100 per cent stake in the fintech company.
Affordplan’s CEO, Aditya Sharma commented, “We are happy to provide a fresh direction to the company and remain committed to working with our partner hospitals and their patients to help with unique ways of managing healthcare costs. Our aim is to ensure that as many people as possible in the country are able to get access to quality healthcare at the most affordable costs. We are very grateful to our previous investors who have been highly supportive and have helped us on every step of the way".
According to Sanjiv Gupta, “It is very exciting to be a part of the Affordplan growth journey in its quest for partnering with hospitals in the country to make care affordable, digital and equitable. I am very confident of its success with a strong team led by the dynamic Aditya Sharma who has demonstrated a successful business model.”
Launched in 2016, Affordplan is a fintech platform, which is at the intersection of finance, healthcare and technology.