Helium Health Acquires GCC-Based Doctor Book Platform Meddy
Helium Health, the leading healthcare technology provider in Africa, has announced the acquisition of Meddy Inc., the GCC- based doctor booking platform, which has operations in Qatar and the United Arab Emirates.
The company said in a statement to MarketForces Africa, saying it is building digital infrastructure to power world-class healthcare services, across Africa and the Middle East and the transaction is not subject to any further regulatory clearances.
The management said the acquisition is in line with Helium’s strategy to expand in Africa first – where the company is present in Nigeria, Ghana, Liberia, Senegal, Kenya, and Uganda and then move into wider emerging markets
Healthcare in the GCC is set to grow rapidly, it said. Adding that investment in digital infrastructure will account for 30 per cent of healthcare investment in the region between 2023 and 2030.
Meddy’s Chief Executive Officer – Haris Aghadi, and Chief Operating Officer – Abed Alkarim Khattab, will join Helium’s leadership team and play integral roles in Helium’s execution of its GCC strategy and operations.
The transaction will see Helium deploy its Electronic Medical Records (EMR) technology and healthcare financial solutions across the GCC healthcare market.
Whilst the GCC’s healthcare market is more mature than Africa’s and has a higher technology penetration, the technology present in the region is more siloed.
The company said all regional stakeholders will benefit from Helium’s robust and interconnected suite of Digital Health products.
Speaking to the transaction, 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. In Qatar, UAE and KSA, a great market opportunity exists to work with care providers to improve patient interaction, make healthcare data more interoperable, and to improve revenue cycle management.
“I am excited to welcome Haris and his team to the Helium Health family and look forward to many years of fruitful collaboration.”
Also, Haris Aghadi, Chief Executive Officer of Meddy Inc., said, “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.”
Founded in 2016, Helium uses proprietary technology and data to empower healthcare providers to make better decisions, operate more efficiently, and improve patient outcomes.
Wider healthcare stakeholders also benefit from Helium’s data-driven insights, leading to optimum resource allocation and oversight. Helium has grown rapidly to date in Africa, solving the continent’s problems of fragmented markets, paper-based systems and unreliable data.
The tech-driven health services provider has signed 500+ healthcare facilities, 7,000+ medical professionals and facilitates 300,000+ patient visits each month, serving customers from private & public healthcare institutions in West Africa.
Chief Executive Officer and co-founder, Goke Olubusi, formerly of Goldman Sachs, is one of Africa’s most innovative entrepreneurs and has received multiple awards from the likes of Chevron, Northrop Grumman, Maryland State, Lockheed Martin and others.
Helium’s co-founders include Dimeji Sofowora – Chief Financial Officer, and formerly of Goldman Sachs, and Tito Ovia – Head of Public Sector Growth, who has assisted organizations such as Orbis and Lagos State AIDS Control Agency to help people access better quality healthcare. #Helium Health Acquires GCC-Based Doctor Book Platform Meddy
