Meddy, GCC-based doctor booking platform, which has operations in Qatar and the UAE, has been acquired by the leading healthcare technology provider in Africa, Helium Health.
The acquisition is part of the expansion of Helium’s digital infrastructure across the Middle East and Africa (MEA) region. The transaction will see Helium’s cutting-edge technology lead the healthtech revolution in the region.
As part of the transaction, Mr. Haris Aghadi, Meddy’s Chief Executive Officer and Mr. Abed Alkarim Khattab, Chief Operating Officer of Meddy will join Helium’s leadership team and play integral roles in Helium’s execution of its GCC strategy and operations. The acquisition will see Helium deploy its Electronic Medical Records (EMR) technology and healthcare financial solutions across the GCC healthcare market.
In line with the deal, all regional stakeholders will benefit from Helium’s robust and interconnected suite of digital health products, including healthcare provider management, patient-provider and revenue cycle management platforms, and data analytics services.
Haris Aghadi CEO – Meddy
“Joining Helium is a perfect next chapter for Meddy as it enhances our mission to help patients make informed health decisions. Our goal has always been to provide technology to all the stakeholders across the value chain and joining forces gets us there faster. There is a strong synergy between our products, teams and markets. Combining Meddy’s marketing solutions with Helium’s clinical solutions will add tremendous value to our customers and transform healthcare in the Middle East and Africa.”
Commenting on the acquisition, Mr. Adegoke Olubusi, Chief Executive Officer of Helium Health, said, “We are delighted to complete this transaction which is perfect for Helium Health. Our business model has primarily been robust organic growth, but we always remain open to strategic acquisition opportunities. Meddy is an ideal complement to our existing business model; the right company, in the right location, at the right time. We will be leading the healthtech revolution in MEA.”
Meddy, founded in 2015, has facilitated 200,000 bookings, to help healthcare providers generate approximately $130 million in billings in Qatar and the UAE. The company has raised $1.8 million from angel investors.
