CheckMe, an Egyptian e-health startup backed by the T3G investment group, has purchased DoctorOnline, increasing its market worth to $20 million.
CheckMe is a customer-centric mobile app-based marketplace that provides on-demand medical laboratory services through a network of lab partners.
DoctorOnline, started in the same year by Dr. Mahmoud Abdel Hakim, is a virtual clinic app that connects patients with expert doctors in all fields for video consultations.
CheckMe aims to become the leading health tech “super app” in Egypt and the region, helping patients find more convenient, efficient, and affordable channels for their medical needs.
With this purchase, CheckMe will be able to add more diagnostic services and primary care physicians to its patient journey. It will be able to offer on-demand diagnostics and telemedicine from qualified experts, as well as patient navigators and communications with primary care physicians.
This acquisition is a key indicator of the region’s continued growth of health technology, particularly in telemedicine, e-pharmacy, and e-diagnostics, which have experienced a significant demand spike due to the Covid-19 pandemic.
Health-tech companies in the MENA region are now worth a total of $1.5 billion, which is 22 times more than they were worth in 2016.