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- A major Qatari success story – benefitting from the country’s start-up and innovation ecosystem
Doha, Qatar: – Meddy Inc., the Qatar-based doctor booking platform, which also has operations in the U.A.E, announces it has completed an agreement to be acquired by Helium Health (“Helium”), the leading healthcare technology provider in Africa.
Meddy’s platform and outstanding management team complement Helium’s business model and ideally positions the new, combined company to service the GCC healthcare market. Meddy’s Chief Executive Officer - Haris Aghadi, and Chief Operating Officer - Abed Alkarim Khattab, will join Helium’s leadership team and play integral roles executing the enlarged company’s GCC 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.
Haris Aghadi, Chief Executive Officer of Meddy Inc., commented:
“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 is a major Qatari success story and has benefitted from Qatar’s excellent start-up and innovation ecosystem. The company started as a university project at Carnegie Mellon University – Qatar and Education City – Qatar. The company was then incubated at the Digital Incubation Center 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. Subsequently, it become the first start-up from Qatar to raise an institutional Series A round.
At the Qatar IT Business Awards, Meddy was named 2016 “Tech Start-up of the Year” and 2018 “ICT Exporter of the Year”. CEO, Haris Aghadi, was also named in Forbes’ Middle East’s 2021 “30 Under 30” list.
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.”
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Further information
Thoburns
Jamie Pudge / j.pudge@thoburns.com
+44 7557 771 703
About Meddy Inc.
- Founded in 2015, Meddy Inc., is a doctor booking platform that operates in Qatar and the U.A.E., and helps patients find the best doctors and book appointments.
- For clinics, Meddy provides a suite of products, including a telemedicine solution, which ensures the optimal management of bookings, video consultations, patient reviews and online payment collections.
- Meddy also helps clinics improve their online presence and attract new patients.
- As of November 2021, Meddy has facilitated more than 200,000 bookings, enabling healthcare providers generate approximately $130 million in billings. Meddy works with over 150 top private healthcare providers in Qatar and the UAE.
- Meddy has raised a total of $1.8 million from Qatar Science & Technology Park, 500 Startups, 212, Kasamar Holdings and other angels.
© Press Release 2021
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