CheckMe acquires a majority stake in DoctorOnline, this acquisition deal brings CheckMe’s market value to $20 million.
“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 $1.5 trillion and $3 trillion a year by 2030, which makes acquisitions like this pivotal in their economic impact in the region,” Nesma El Talawy, CEO of CheckMe, stated.
Powered by the T3G investment group & founded in 2020, CheckMe is a customer-centric marketplace mobile application that provides on-demand medical lab services through multiple lab partners safely, accurately, and quickly. DoctorOnline is a virtual clinic mobile application that offers various medical services virtually to its patients; through access to expert doctors in all medical specialties via video calls.
The acquisition deal was done through Exits MENA, a FinTech investment banking marketplace that recently raised $1 million in a pre-seed round earlier this year.
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