Egyptian e-health company CheckMe has acquired counterpart DoctorOnline in a deal that brings the former’s market value to US$20 million.
Powered by the T3G investment group and founded in 2020, CheckMe is a customer-centric marketplace mobile application that provides on-demand medical lab services through multiple lab partners.
DoctorOnline, meanwhile, was founded the same year by Dr Mahmoud Abdel Hakim, is a virtual clinic mobile application that offers various medical services virtually to its patients; through access to expert doctors in all medical specialities via video calls.
The acquisition of DoctorOnline will help CheckMe provide on-demand diagnostics and telemedicine by qualified experts.
“This acquisition falls in line with our expansion strategy in the region and in-line with the expansion of our service offering. According to McKinsey Global Institute, the costs saved by health-tech to the healthcare sector could lie between US$1.5 trillion and $3 trillion a year by 2030, which makes acquisitions like this pivotal in their economic impact in the region,” said Dr Nesma El Talawy, CEO of CheckMe.