Helium Health, the leading healthcare technology provider in Africa, has completed the acquisition of Meddy Inc., the GCC-based doctor booking platform, which operates in Qatar and the UAE.
Helium is building the digital infrastructure to power world-class healthcare services across Africa and the Middle East. 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. Investment in digital infrastructure will account for 30% of healthcare investment in the region between 2023 to 2030.
Meddy’s platform and management team complement Helium’s business model and ideally positions the company to service the GCC healthcare market. Haris Aghadi, Meddy’s Chief Executive Officer, and Chief Operating Officer Abed Alkarim Khattab will join Helium’s leadership team and play integral roles in 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. Whilst the healthcare market in the region is more mature than Africa and has a higher technology penetration, the technology present in the region is more siloed. All regional stakeholders will benefit from Helium’s robust and interconnected suite of Digital Health products.
These products include healthcare provider management (via Helium EMR), patient-provider and revenue cycle management platforms (via HeliumDoc), and data analytics services.
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.”
Haris Aghadi, Chief Executive Officer of Meddy Inc., commented: “Joining Helium is the 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 is led by a respected management team with many years of combined experience in technology and healthcare. CEO and co-founder, Olubusi, formerly of Goldman Sachs, is one of Africa’s most innovative entrepreneurs and has received multiple awards.
The transaction is not subject to any further regulatory clearances.
