Helium Health, Nigeria’s healthcare technology provider has acquired Meddy Inc., the GCC-based doctor booking platform, which has operations in Qatar and the U.A.E in a move to power world-class healthcare services, across Africa and the Middle East.
The deal will allow Helium to expand beyond Nigeria, Ghana, Liberia, Senegal, Kenya, and Uganda into wider emerging markets especially in the GCC where healthcare is set to grow rapidly. Investment in digital infrastructure will account for 30 percent of healthcare investment in the region between 2023 to 2030.
According to Adegoke Olubusi, Chief Executive Officer of Helium Health: “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 MEA. In Qatar, UAE and KSA, 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.”
Meddy’s platform and outstanding management team complement Helium’s business model and ideally positions Helium to service the GCC healthcare market. 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. All regional stakeholders will benefit from Helium’s robust and interconnected suite of Digital Health products.
These products include healthcare provider management (via Helium EMR), patient-provider and revenue cycle management platforms (via HeliumDoc), and data analytics services.
“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,” said Haris Aghadi, Chief Executive Officer of Meddy Inc. “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. Wider healthcare stakeholders also benefit from Helium’s data-driven insights, leading to optimum resource allocation and oversight.
Helium has grown rapidly to date in Africa, solving the continent’s problems of fragmented markets, paper-based systems and unreliable data. It has signed 500+ healthcare facilities, 7,000+ medical professionals and facilitates 300,000+ patient visits each month. Helium’s customers also include the most reputable private & public healthcare institutions in West Africa.
Helium is led by a brilliant and talented management team with many years of combined experience in technology and healthcare. Chief Executive Officer and co-founder, Goke Olubusi, formerly of Goldman Sachs, is one of Africa’s most innovative entrepreneurs and has received multiple awards from the likes of Chevron, Northrop Grumman, Maryland State, Lockheed Martin and others.
