RIYADH: Nigeria-based Helium Health (Helium), has announced its successful acquisition of Meddy, the GCC-based doctor booking platform, which operates in Qatar and the UAE, MAGNiTT reported.
Through this acquisition, Helium will be able to deploy its Electronic Medical Records (EMR) technology and healthcare financial solutions across the GCC market.
“We will be leading the HealthTech revolution in the Middle East, Helium Health CEO Adegoke Olubusi said.
"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 improve revenue cycle management," he said.
Founded in 2015, Meddy launched its doctor booking platform helping patients find the best doctors and book appointments. The company works with over 150 top private healthcare providers in Qatar and the UAE. With this new acquisition.
As of November 2021, Meddy has facilitated more than 200,000 bookings, enabling healthcare providers to generate approximately $130 million in billings.
While 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, MAGNiTT said.
Despite an almost 65 percent year-on-year decrease in capital invested in the MENA healthcare sector by the third quarter of 2021, it is remarkable to see further innovations integrating AI and automation to optimize management processes, a recent report by MAGNiTT revealed.
