CheckMe, an Egyptian e-health startup, has bought DoctorOnline, raising the former’s market worth to $20 million.
CheckMe is a customer-focused marketplace mobile application that was established in 2020 and is supported by the T3G investment group. It offers on-demand medical lab services through a number of lab partners.
In the meantime, DoctorOnline, which was established the same year by Dr. Mahmoud Abdel Hakim, is a smartphone application that functions as a virtual clinic and provides patients with access to experienced doctors in all medical specialties via video conversations.
CheckMe will be able to provide skilled professionals with telemedicine and on-demand tests thanks to the purchase of DoctorOnline.
“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.
