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Helium Health acquires
GCC-based doctor booking
platform, Meddy Inc.
(Lagos, Nigeria) -
Helium Health
(“Helium”), a healthcare
technology provider in
Africa, has announced that
it has completed the
acquisition of Meddy Inc.,
the GCC-based doctor booking
platform, which has
operations in Qatar and the
UAE.
Helium's goal is
to build a digital
infrastructure to power
world-class healthcare
services, across Africa and
the Middle East. The
transaction 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.
Meddy’s Chief Executive
Officer - Haris Aghadi, and
Chief Operating Officer -
Abed Alkarim Khattab, will
join Helium’s leadership
team and play integral roles
in Helium’s 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 healthcare market.
Whilst the GCC’s healthcare
market is more mature than
Africa’s and has a higher
technology penetration, the
technology present in the
region is more siloed.
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
Middle East & Africa (MEA).
In Qatar, UAE and KSA (Saudi
Arabia), 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.”
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.”
Founded in 2016, Helium uses
proprietary technology and
data to empower healthcare
providers to make better
decisions, operate more
efficiently, and improve
patient outcomes.
Helium has grown rapidly to
date in Africa, addressing
the continent’s problems of
fragmented markets,
paper-based systems, and
unreliable data. According
to the company, it has
signed 500+ healthcare
facilities, 7,000+ medical
professionals and
facilitates 300,000+ patient
visits each month.
Helium is also led by a
management team that
includes Chief Executive
Officer and co-founder,
Adegoke Olubusi, formerly of
Goldman Sachs and Helium’s
co-founders Dimeji Sofowora
– Chief Financial Officer,
and formerly of Goldman
Sachs, and Tito Ovia – Head
of Public Sector Growth, who
has assisted organizations
such as Orbis and Lagos
State AIDS Control Agency to
help people access better
quality healthcare.
Helium's products include a
healthcare provider
management system (via
Helium EMR),
patient-provider and revenue
cycle management platforms
(via HeliumDoc), and data
analytics services.
The transaction is not
subject to any further
regulatory clearances.
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