CheckMe, the Egyptian e-health company powered by the T3G investment group, has acquired its counterpart DoctorOnline, thereby boosting its market value to $20 million.
CheckMe, founded in 2020, is a customer-centric mobile app-based marketplace that offers on-demand medical laboratory services through a network of lab partners.
While DoctorOnline, founded in the same year by Dr Mahmoud Abdel Hakim, is a virtual clinic app that provides various medical services to patients via video consultations with expert doctors in all specialities.
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 acquisition, CheckMe will be able to provide a new range of diagnostic services and primary care physicians to its patient journey, by offering on-demand diagnostics and telemedicine from qualified experts and providing patient navigators and primary care physician communications.
This acquisition is a significant indicator of the ongoing growth of health tech in the region, particularly in telemedicine, e-pharmacy, and e-diagnostics, which have seen a substantial increase in demand due to the Covid-19 pandemic. Health-tech companies in the MENA region are now valued at a combined $1.5 billion, representing a 22x increase since 2016.