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Sheares Healthcare Group

80 Bendemeer Road, #03-01B, Singapore, 339949

Overview

Sheares Healthcare Group invests in and provides healthcare delivery services in Asia, with a focus on China, India, Vietnam, Malaysia, Indonesia and the Philippines, and in the United States.

Total investments
3
Lead investments
3
Investments · 12mo
0
Active investors
1

Sector focus

  • Health Care
  • Impact Investing
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Investment portfolio

  • ThoughtFull

    Led · Series A · Mar 2023

    Thoughtfull operates ThoughtfullChat, a digital mental health platform that combines personalized self-guided content, progress tracking, and access to professionals through video calls and text-based coaching. The startup launched in 2019 and focuses on serving employers, insurers and individuals across Asia. Since launch, Thoughtfull says its revenue has grown 30× in total, and revenue rose 10× year-over-year over the past year. Its mental health professional network covers 57 locations in Asia, the app is available in 11 languages, and it has users in 95 locations worldwide. The company emphasizes partnerships with insurers to increase affordability and employer uptake, including deals with AIA Malaysia and with FWD in Hong Kong and Thailand. Thoughtfull positions itself to scale end-to-end mental healthcare through payor partnerships and corporate channels. ThoughtFull operates the ThoughtFullChat app, which connects users to mental health professionals for coaching or therapy and offers self-guided tools. It also offers ThoughtFullCare Pro, an app to help mental health professionals manage and scale online practices. The company was founded in 2019 and launched its consumer app in 2020; its main operating markets are Singapore and Malaysia and it now has users in 43 countries. ThoughtFullChat is available in five languages (English, Bahasa Malaysia, Bahasa Indonesia, Mandarin and Cantonese) and the platform includes coaches fluent in additional regional languages. The startup works closely with local healthcare stakeholders and has partnered with groups such as The Hive Southeast Asia and Malaysia’s Penjana Capital to digitize aspects of the country’s mental health ecosystem. The company says it focuses on end-to-end services that provide both preventative and curative options and creates closed feedback loops to improve care quality.

  • Homage

    Led · Series C · Sep 2021

    Homage operates a caregiving platform offering home visits from caregivers, nurses, therapists and doctors, plus telemedicine and services for chronic illnesses. Its platform uses a matching engine to help clients find providers best suited to their needs, with final matches made by Homage’s team. The company now has a regional network of more than 6,000 prescreened and trained care professionals. Homage says its business outside Singapore grew more than 600% year‑over‑year in 2021 and that it has more than tripled revenue over the past year. The new funding will be used to develop Homage’s technology, deepen integration with aged and disability care payer and provider infrastructure, and accelerate regional expansion through partnerships with hospitals and care providers. A Sheares Healthcare Group executive will join Homage’s board as part of the deal. Homage is a Singapore-based caregiving and telehealth company focused on patients who need long-term rehabilitation or care services, especially elderly people. Its core products include a caregiver-client matching platform and a home medical service that offers online consultations and house calls. The company currently operates in Singapore and Malaysia and is pursuing expansion into new Asian markets. Homage raised a Series B earlier this year to support its regional growth plans. Through a strategic investment and partnership with Infocom, Homage aims to launch services into Japan and help address the country’s caregiver shortage. Infocom’s technology footprint—used by more than 13,000 healthcare facilities in Japan—is intended to accelerate Homage’s regional expansion. Homage operates a tech-enabled caregiving marketplace that matches pre-screened, competency-assessed caregivers with families and care organisations. Its platform includes about 2,000 caregivers and supports elderly care plus rehabilitation services such as physiotherapy, speech and occupational therapy. Homage’s screening goes beyond interviews and background checks: it works with nurses to assess hands-on skills and encodes granular mobility and transfer technique data into a matching engine. The product also offers compliance tools and administrative features to help providers manage bookings, demand fluctuations and staff breaks to reduce burnout. Launched in 2016, Homage currently operates in Singapore and Malaysia and plans to expand into five more countries over the next two years. The company plans to use new funding to grow its caregiver base, provide training, and roll out new services including a medical delivery service. Homage is a Singapore-based startup that connects caregivers, organizations and care recipients through an on-demand platform. Founded in 2016 by Gillian Tee, Lily Phang and Tong Duong, the company offers six apps — two for caregivers, two for family members and two for partners such as NGOs and care agencies. It began focused on eldercare and has expanded into physiotherapy, speech and occupational therapy for post-stroke discharge. Homage emphasizes personalized one-on-one, often non-medical, support to help people remain mobile and live with dignity as they age. The company raised $4.15M in its latest funding and previously raised $1.2M a year earlier. Homage plans to use the new capital to push into other verticals and is exploring expansion into one other APAC market while continuing to focus on Singapore. Homage operates an asset-light platform that matches vetted, qualified caregivers with elderly clients for on-demand or regular scheduled in-home services. The company recruits and vets caregivers who must hold relevant qualifications and assigns the right caregiver based on seniors' needs or family requests. Homage aims to widen the pool of healthcare workers and to improve conditions compared with traditional employment agencies. The service went live in Singapore after launching in May 2016 and was founded by Gillian Tee with Lily Phang and Tong Duong. Financially, Homage has just closed a $1.2M seed round. The startup is initially focused on Singapore but is considering expansion to one other Southeast Asian country within the next two years.

  • Asia Healthcare Holdings(AHH)

    Led · Equity · Jul 2018

    Asia Healthcare Holdings (AHH) is a healthcare platform founded by TPG Growth. The article does not describe AHH's specific products or services beyond identifying it as a healthcare platform. AHH has raised $50 million in a financing from Sheares Healthcare, a unit owned by Temasek. Sheares Healthcare is described as an investor and provider of healthcare delivery services. The article provides no details on use of proceeds, operating metrics, future plans, or additional investors.

Team

  • Ram T K Udairam

    International Chief Executive Officer & COO

    LinkedIn