Meddy Inc, the Qatar-based doctor booking platform which also has operations in the UAE, has signed a deal to be acquired by Helium Health, the leading healthcare technology provider in Africa.
Meddy’s CEO Haris Aghadi and chief operating officer Abed Alkarim Khattab will join Helium’s leadership team and help execute the enlarged company’s GCC-based strategy and operations.
The transaction comes at a time when healthcare in the GCC is set to grow rapidly. Investment in digital infrastructure will account for 30 percent of healthcare investment in the region between 2023 to 2030, the company said.
Aghadi 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.”
Meddy started as a university project at Carnegie Mellon University – Qatar and Education City – Qatar. The company was then incubated at the Digital Incubation Centre in Doha, and then later funded by Qatar Science & Technology Park.
Meddy was also the first start-up in Qatar to be funded by 500 Startups, the Silicon Valley-based early-stage fund and accelerator.
Adegoke Olubusi, CEO 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.
“We will be leading the healthTech revolution in Middle East and Africa. In Qatar, UAE and Saudi Arabia, 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.”
As of November, Meddy has facilitated more than 200,000 bookings, enabling healthcare providers generate approximately $130 million in bills.
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