Nigeria’s Helium Well being expands to the Center East with acquisition of Qatar’s Meddy
Nigeria and USA-based healthtech startup Helium Well being has invested in UAE-based physician reserving platform Meddy. The funding is a novel overlap in tech between Africa and the Gulf Cooperation Council (GCC).
Helium Well being’s new acquisition is a part of an growth play. The healthtech was based in 2016 by Olubusi, Dimeji Sofowora, and Tito Ovia and affords digitized digital medical data (EMR) and hospital administration options. The corporate now affords extra companies on its platform resembling HeliumPay (a billing and fee answer), HeliumCredit (a no-collateral mortgage product), HeliumDoc ( a income cycle administration service), and information analytics companies.
Based on a TechCrunch article, as a part of the deal, Haris Aghadi Meddy’s CEO and Abed Alkarim Khattab COO will be a part of Helium’s management and assist in the corporate’s execution of technique and operation.
Thus far, Helium Well being has a presence in 6 African international locations and has signed over 500 healthcare amenities. Over 7,000 medical professionals from these amenities present care to over 300,000 month-to-month sufferers.
Meddy is a Y Combinator startup backed by Tencent. The corporate serves over 150 personal purchasers inside Qatar and the UAE and is backed by $1.8 million in VC funding. Over 200,000 physician appointments have been facilitated in flip enabling healthcare suppliers to generate $130 million value of billings. In 2019, Meddy secured $2.5 million for its UAE growth.
It’s a uncommon occasion for a well being tech firm from Africa to finish a Center Japanese acquisition and we’re so excited to hitch forces with Meddy to deploy extra sturdy expertise options throughout the GCC healthcare market.
— Helium Well being (@HeliumHealth) November 11, 2021