Egypt-based CheckMe has acquired DoctorOnline through a newly closed deal by Exits MENA. This acquisition presents a crucial indication of the continued growth of Health-tech in the region, especially in Telemedicine, E-Pharmacy, and E-Diagnostic, which have rapidly increased since the outbreak of Covid-19. CheckMe aims to work on becoming Egypt & the regions leading go-to Health-tech Super App, helping patients find more convenient, efficient, and cheaper channels for medical needs.
Founded in 2020, CheckMe is a customer-centric marketplace mobile application that provides on-demand medical lab services through multiple lab partners safely, accurately, and quickly. Dr. Nesma El Talawy, CEO of CheckMe, explains, “This acquisition falls in line with our expansion strategy in the region and in-line with the expansion of our service offering. According to McKinsey Global Institute, the costs saved by Health-tech to the healthcare sector could lie between $1.5 trillion and $3 trillion a year by 2030, which makes acquisitions like this pivotal in their economic impact in the region”.
DoctorOnline, Founded by Dr. Mahmoud Abdel Hakim, is a virtual clinic mobile application that offers various medical services virtually to its patients; through access to expert doctors in all medical specialties via video calls. Dr. Mahmoud, Founder of Doctor Online, added that “this new Acquisition was made possible with our sell-side mandate with Exits MENA, who was able to bring together the best strategic and financial output for the deal. The Health-Tech sector is still heavily unsaturated, and the more comprehensive a product, the better fit it will be for patients; who want their data to be safely protected while getting healthcare that is quick, cost-effective and accurate.”
According to the companies, the acquisition will also help CheckMe provide a new wave of diagnostics and primary care physicians to its patient journey by facilitating the patient healthcare journey through providing on-demand diagnostics and telemedicine by qualified experts and availing patient navigators and primary care physicians communications.
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